For most organizations,geographical location should be regarded as:
A)A key resource whose characteristics need to be given careful attention when formulating strategy
B)A formerly important resource which is becoming increasingly irrelevant in a digital world
C)An organizational characteristic,not a resource
D)A source of competitive advantage only its gives the organization access to an industry ecosystem such as Silicon Valley for IT firms and New York for advertising firms

Question

Quizplus · Accepted Answer

Geographical location can be a key resource for organizations as it can affect factors such as access to raw materials, transportation costs, and customer demographics. Therefore, organizations should carefully consider the characteristics of their location when formulating strategy.

For Most Organizations,geographical Location Should Be Regarded As