Cultural differences affect location advantages in that business transactions are less difficult for a firm to complete when there is a strong match among the cultures with which the firm is involved.

Question

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Cultural differences can create communication and understanding challenges for businesses, which can impact their ability to take advantage of location-based advantages. When the cultures involved are more closely aligned, there is likely to be less miscommunication or misunderstanding, which can make business transactions and interactions smoother and more successful.

Cultural Differences Affect Location Advantages in That Business Transactions Are