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State the Fundamental Objective of a Firm's Location Strategy

question 14

Essay

State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms?
Answer in a clear, convincing paragraph.


Definitions:

Master Narrative

A covering story or fantasy that explains a group more readily or attracts more believers than other fantasies available to group members.

Group Members

Group members refer to individuals who belong to a specific collective or team, each potentially contributing diverse perspectives and skills towards achieving common goals.

Dramatistic Pentad

Kenneth Burke’s core questions of act, scene, agent, agency, and purpose for analysis of motives.

Symbolic Convergence

The condition of group members being in agreement on the organizational symbolism or stories that unite them.

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