Favorable locations in certain countries may give firms? location-specific advantages opportunities for expansion access to new markets all of these answers

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Favorable locations in specific countries may provide firms with all of these answers (D).

Importance of favorable location of business:

  • Location is crucial in attracting and retaining the best employees, many of whom pay close attention to where they work in order to optimize work-life balance.
  • A company's long-term performance can be significantly boosted by wise location decisions.
  • In terms of lost talent, productivity, and capital, poor ones can cost millions of dollars.
  • A good location strategy enables you to obtain the optimal location that is aligned with your organization's needs and objectives, allowing your firm to maximize opportunity while minimizing costs and risks.
  • Favorable locations in certain countries may provide firms with location-specific advantages, expansion opportunities, and access to new markets.

Therefore, favorable locations in certain countries may give firms (D) all of these answers.

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The correct question is given below:
Favorable locations in certain countries may give firms:

a. Location-specific advantages

b. Opportunities for expansion

c. Access to new markets

d. All of these answers