True, Companies that desire to pursue business in a foreign nation with the least level of risk should take location economies into consideration.
The study of a location's economy involves determining the size of the market there. It entails producing the items with the least amount of risk and highest level of productivity. It gives their production costs an edge over those of their rivals. Therefore, Location economies are a good option for businesses looking to pursue international business with the least amount of risk.
Location economics integrates macro and micro views of markets and submarkets with geostatistical, contextual, qualitative, and quantitative analyses of comparative market data.
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