Question: A firm benefits by basing each value creation activity it performs at that location where economic, political, and cultural conditions, including relative factor costs, are

A firm benefits by basing each value creation activity it performs at that location where economic, political, and cultural conditions, including relative factor costs, are most conducive to the performance of that activity. Firms that pursue such a strategy can realize:

differentiation.

location economies.

vertical integration.

horizontal integration.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A firm benefits by basing each value creation activity it performs at that location where economic, political, and cultural conditions, including relative factor costs, are most conducive to the...

Match the numbers to the responses Firms can grow profitably in the international arena by entering new markets where indigenous competitors have inadequate skills and products. Firms can also add...

look at question 10. use those options for other questions Firms can grow profitably in the International arena by entering new markets where Indigenous competitors have inadequate skills and...

Firms can grow profitably in the international arcna by entering new markets where indigenous competitors have inadequate skills and products. Firms can also add value to products by realizing cost...

Need help with the following: 7 Firm capacity (activity) Fixed and variable costs (activity) Fixed and variable costs (idea) Location economies (idea) 1 points 8 Capturing and using new skills...

Please help with the matching of these terms. 5 Firm capacity (activity) Firm capacity (idea) 2 Cost reductions in start-ups (activity) 3 Cost reductions in start-ups (idea) 4 Location economies...

3. Global Expansion, Profitability, and Profit Growth (Keyboard Navigable Alternate Version) (1) Firm capacity (2) Location econumies Q. 50303 (3) Cost Roduction in startyp (5) Capturing 3 using saw...

Calculate the three eigenvectors and eigenvalues of the unstandardized 2006Stock data (i. e., use the covariance matrix instead of the correlation matrix). a. How do the eigenvector weights change...

Beyond Meat disclosed the following in its Form 10Q for the first quarter ended March 30, 2019. The company had its initial public offering (IPO) in May 2019. The Companys net revenues by platform...

Question 9 of 2 5 - 1 View Policies Current Attempt in Progress In the calculation of pension expense recognized for a period by an employer sponsoring a defined benefit pension plan, which...

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...