The _____ States That Geographic Location Alone Should Not Lead

question 1

Multiple Choice

The _____ states that geographic location alone should not lead to firm-level competitive advantage because firms are now,more than ever,able to source inputs globally.

• A) death-of-distance hypothesis
• B) local-responsiveness hypothesis
• C) real options framework
• D) dynamic capabilities framework

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Definitions:

Chain Restaurants

Restaurants that are part of a brand or franchise, featuring standardized menu items and decor, and operated by a single company or franchisees across multiple locations.

Labor Dependent

Industries or activities heavily reliant on human labor as a primary input or resource for production.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, leading to non-price competition.

Revenue-And-Costs

The financial inflows associated with business operations and the expenditures required to generate revenue.