Which of the following statements concerning location economies is FALSE? Explain Why? 1. Companies must determine where to sell and where to produce. 2.The Internet is an industry where companies must locate facilities near their foreign customers, so decisions on market and production location are connected. (difficult, page 382) 3.Companies may have excess production capacity already in place that will influence their ability to serve markets in different countries. 4. The process of determining an overall geographic strategy must be flexible because country conditions change
Which of the following statements concerning location economies is FALSE? Explain Why? 1. Companies must determine where to sell and where to produce. 2.The Internet is an industry where companies must locate facilities near their foreign customers, so decisions on market and production location are connected. (difficult, page 382) 3.Companies may have excess production capacity already in place that will influence their ability to serve markets in different countries. 4. The process of determining an overall geographic strategy must be flexible because country conditions change
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following statements concerning location economies is FALSE? Explain Why?
1. Companies must determine where to sell and where to produce.
2.The Internet is an industry where companies must locate facilities near their foreign customers, so decisions on market and production location are connected. (difficult, page 382)
3.Companies may have excess production capacity already in place that will influence their ability to serve markets in different countries.
4. The process of determining an overall geographic strategy must be flexible because country conditions change
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