Knowee
Questions
Features
Study Tools

Because of , more flexibility in choice of business location has increased while allowing firms to remain competitive.

Question

Because of , more flexibility in choice of business location has increased while allowing firms to remain competitive.

🧐 Not the exact question you are looking for?Go ask a question

Solution

It seems like you forgot to provide the specific factor or reason in your sentence. However, I can suggest several reasons that might fit:

  1. Technological advancements: With the rise of the internet and digital communication tools, businesses are no longer restricted to a physical location. They can operate virtually, reaching customers globally while also sourcing talent from around the world.

  2. Globalization: As economies become more interconnected, businesses have more freedom to choose their location based on factors like labor costs, tax benefits, and market access.

  3. Improved transportation and logistics: With advancements in transportation and logistics, businesses can easily ship products worldwide, allowing them to be located anywhere while still reaching their customers.

  4. Remote work culture: The increasing acceptance of remote work also allows businesses to be located anywhere, as employees can work from home or any other location.

So, your completed sentence could be: "Because of technological advancements, more flexibility in choice of business location has increased while allowing firms to remain competitive."

This problem has been solved

Similar Questions

What motivations typically cause firms to initiate a facilities location or relocation project? Discuss.

3. Identify different options for a business location, i.e. different places businesses can be located.

Specialisation creates    markets for firms to access. This means that they can benefit from   .

Given the advantages accrued by pure-play businesses, what is the most important point that is regarded by many as the single most advantageous? Explain, Why?

The following are reasons for market integration, except:*Remove Transaction Costs.Foster Competition.Improve Security of Supply.Generate less income.

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.