Final answer:
Business-level strategies focus on providing value within specific and individual product markets, often concentrating on a company's core competency. Location decisions influenced by geography can also be a critical part of strategic planning for a company's operations and market reach.
Step-by-step explanation:
Business-level strategies are critical for companies looking to provide value to customers and secure a competitive edge in the market. These strategies focus on making decisions about how a company operates in specific and individual product markets.
Linking this to the concept of geography in business, the location decisions for stores, factories, or warehouses also play an essential role in the strategy. Geography protects against costly mistakes by informing strategic decisions about where to establish or expand physical operations.