Asked by Jacob Corpening on May 25, 2024
Verified
Which major locational determinant considers locating near the competition?
A) Labor climate
B) Quality of life
C) Company preference
D) Supplier networks
Locational Determinant
Factors that influence the decision-making process regarding the placement of operations, facilities, or resources in specific geographic areas.
Supplier Networks
The interconnected group of suppliers from which a company acquires goods or services, crucial for the efficiency and quality of the end product.
- Understand the impact of locational determinants on business operations.
Verified Answer
SN
Sofia NavarroMay 25, 2024
Final Answer :
C
Explanation :
Locating near the competition can be a strategic decision based on the principle that being close to competitors can attract more customers who are interested in that particular market or industry, benefiting all businesses involved. This is often seen in industries where comparison shopping is common, such as car dealerships or fashion retail. It's a company preference to decide whether the benefits of being near competitors—such as increased foot traffic and easier market comparison for consumers—outweigh the potential downsides.
Learning Objectives
- Understand the impact of locational determinants on business operations.
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