A strategy of locating sites in a number of states (or countries) can reduce the overall risk of financial crisis from a regional economic downturn. This strategic approach to facility location is known as ________.
A) competitive positioning
B) flexibility
C) demand management
D) focus

Question

Quizplus · Accepted Answer

The strategy of locating sites in a number of states or countries to reduce the overall risk of financial crisis is an example of flexibility. By having facilities in multiple locations, a company can better withstand the impact of a regional economic downturn. Competitive positioning refers to the company's ability to differentiate itself from competitors, demand management focuses on managing customer demand, and focus involves concentrating resources on a specific market or product segment. None of these definitions align with the given scenario.

A Strategy of Locating Sites in a Number of States