Pressures for ____________ that it may not be possible for a firm to realise the full benefits from experience curve and location economies.

Question

Quizplus · Accepted Answer

The concept of local responsiveness suggests that firms must adapt their products and services to meet the unique needs and preferences of customers in different markets. This can create pressures that may limit a firm's ability to fully realize the benefits of experience curve and location economies, which are focused on achieving cost efficiencies through standardization and concentration of operations in one or a few locations. Government approval, consumer guidance, and national recognition are not directly related to the challenges of achieving experience curve and location economies.

Pressures for ____________ That It May Not Be Possible for a Firm