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Location and scale
What factors influence business location decisions?
Business location decisions are influenced by factors such as proximity to customers and suppliers, availability of skilled labor, infrastructure, transportation accessibility, costs (e.g., rent, taxes, utilities), local regulations and incentives, market potential, competition, and the strategic fit with the business model. Businesses evaluate these factors to determine the optimal location that supports their operations and business objectives.
How does offshoring affect business operations?
Offshoring affects business operations by relocating certain activities or processes to another country to take advantage of lower costs or specialized skills.
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