When service firms such as retailers or banks make growth-spurred location decisions, typically these involve
A)finding new sources of resources to replace exhausted ones.
B)adding new locations rather than expanding existing ones.
C)closing down existing locations and opening new ones elsewhere.
D)expanding existing locations rather than adding new ones.
E)downsizing existing locations and opening new ones elsewhere.

Question

Quizplus · Accepted Answer

Service firms, especially in retail and banking, often opt to grow by adding new locations to reach more customers and cover more geographic areas, rather than solely expanding their current facilities. This strategy allows them to tap into new markets and customer bases.

When Service Firms Such as Retailers or Banks Make Growth-Spurred