It is important for low-cost competitors to locate near their markets in order to keep track of buyer preferences.

Name: It is important for low-cost competitors to locate near their markets in order to keep track of buyer preferences.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Low-cost competitors often focus on minimizing costs, and being close to their markets is not always necessary for this. They might prioritize cheaper production locations over proximity to markets and use other methods to track buyer preferences.

It Is Important for Low-Cost Competitors to Locate near Their