Briefly define location economies-strategic significance

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1. How does a firm, implementing a multidomestic strategy obtain a competitive advantage?

2. Briefly define location economies and explain its strategic significance.

3. How do you distinguish between data, knowledge, and wisdom? How do you distinguish between tacit knowledge and explicit knowledge? Provide some examples of how businesses use these concepts and how you have personally used these concepts.

Reference no: EM132196465

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