Advantages that arise from using resource endowments or assets that are tied to a particular location and that a firm finds valuable to combine with its own unique assets are referred to as:
A) geographic specific preferences
B) unique geographic advantages
C) locale-specific preferences
D) location-specific advantages
E) factor endowment advantages

Question

Quizplus · Accepted Answer

Location-specific advantages refer to the benefits that a firm gains from using resource endowments or assets that are tied to a particular location and that the firm finds valuable to combine with its own unique assets. These advantages can include factors such as access to natural resources, skilled labor, infrastructure, and customer or supplier networks that are specific to a particular location.

Advantages That Arise from Using Resource Endowments or Assets That