A location-specific advantage that a firm with efficiency-seeking strategy would be:
A)A location-specific advantage that a firm with efficiency-seeking strategy would be:
B)Strong market demand.
C) Economies of scale.
D) Innovative labor force.

Question

A location-specific advantage that a firm with efficiency-seeking strategy would be:
A)​A location-specific advantage that a firm with efficiency-seeking strategy would be:
B)​Strong market demand.
C) ​Economies of scale.
D) ​Innovative labor force.

Quizplus · Accepted Answer

A firm that seeks efficiency would benefit from economies of scale as this would allow them to produce goods or services at a lower cost. This would give them a competitive advantage over other firms in the market.

A Location-Specific Advantage That a Firm with Efficiency-Seeking Strategy Would