Which of the following is true of location-specific advantages?
A) They are independent of cultural distance of the countries involved in a business.
B) They continually grow irrespective of any changes in the formal institution.
C) They decline when companies overcrowd or when taxes are raised.
D) They can be enjoyed only as a late mover.

Question

Quizplus · Accepted Answer

Location-specific advantages can decline when companies overcrowd an area, leading to increased competition and resource depletion, or when taxes are raised, making the location less financially attractive.

Which of the Following Is True of Location-Specific Advantages