Locational advantages are based on which combination of the following specific country characteristics:

Question

Quizplus · Accepted Answer

Locational advantages are based on the combination of natural resources, local market size and efficiency opportunities. A large reserve of natural resources provides a competitive advantage in terms of lower raw material costs, while a large local market provides a ready customer base for the products or services. Efficiency opportunities, such as access to skilled labor or modern infrastructure, help to reduce operating costs and increase productivity. Therefore, Option A, with a combination of a large reserve of natural resources, a large local market and efficiency opportunities, is the best choice for locational advantages.

Locational Advantages Are Based on Which Combination of the Following