All of the Following Are True of Location Economies EXCEPT

question 52

Multiple Choice

All of the following are true of location economies EXCEPT ________.

• A) to take advantage of location economies, companies can undertake business activities in a particular location
• B) to take advantage of location economies, companies can obtain products and services from firms located in a particular location
• C) they are economic benefits derived from locating production activities in optimal locations
• D) they cannot be derived from performing research and development in a particular location

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Definitions:

Groupthink

In a collective setting, a situation where the inclination towards unity or adaptation prompts decisions that are nonsensical or detrimental.

Immoral Decision

A choice that goes against established moral principles or ethical standards.

Foot-In-The-Door Technique

Asking for a small commitment and, after gaining compliance, asking for a bigger commitment.

Foot-In-The-Door Phenomenon

The foot-in-the-door phenomenon is a psychological tactic where agreeing to a small request increases the likelihood of agreeing to a larger request later.