A company's location should be flexible enough to ________.
A)implement concentration strategies instead of diversification strategies
B)respond to new opportunities and withdraw from less profitable ones
C)import from anywhere in the world to a single production location
D)export anywhere in the world from a single production location

Question

Quizplus · Accepted Answer

A company's location should be flexible enough to respond to new opportunities and withdraw from less profitable ones. This allows the company to adjust its operations and resources to maximize profits and remain competitive. Implementing concentration strategies or limiting production locations can restrict the company's ability to adapt and respond to changes in the market. Similarly, importing from anywhere in the world to a single production location or exporting from a single location may not be feasible or cost-effective in all circumstances.

A Company's Location Should Be Flexible Enough to ________