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According to the trade-off theory,capital structure is a trade-off between:
Geographic Design
The arrangement of physical space or geographical layout to optimize operations, usually in the context of organizational facilities or urban planning.
Business Integration
The process of combining different aspects of organizations, such as systems, processes, and functions, to operate more efficiently and effectively.
Geographic Regions
Specific areas defined by natural or artificial borders characterized by certain geographical features, climatic conditions, cultures, or political boundaries.
Integration
The process of combining or coordinating separate elements or units into a unified whole.
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