Question

A company's location should be flexible enough to ________. a. implement concentration strategies instead of diversification strategies b. export anywhere in the world from a single production location c. respond to new opportunities and withdraw from less profitable ones d. import from anywhere in the world to a single production location

Answer 1

Answer: Option C

Explanation: In simple words, flexibility refers to the ability of something to change as per the need of the situation. The modern day business suffers from various factors both internal and external.

Change in these factors brings new opportunities and threats to the firms, thus the firms on the industry must be flexible enough to act as per the changing needs or else they will be out of market in no time.

From above we can conclude that the correct option is C .