Most companies prefer to locate their research and development centers in their domestic markets because of

Question

Quizplus · Accepted Answer

Most companies prefer to locate their research and development centers in their domestic markets because of a combination of factors, including integration of R&D with marketing strategies, proximity to their head office, and their experience in the home markets. By having R&D centers located in their domestic market, companies can better understand local consumer needs and preferences, which can help them develop products that are more tailored to the local market. Being close to the head office also allows for better coordination and communication between R&D and other departments, such as marketing and production. Finally, companies often have greater familiarity with their home market, which can make it easier to operate and manage their R&D efforts domestically.

Most Companies Prefer to Locate Their Research and Development Centers