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In economics, the economics of location is the study of strategies used by firms and retails in a monopolistically competitive environment in determining where to locate. [1] Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with ...
Location theory has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses questions of what economic activities are located where and why. Location theory or microeconomic theory generally assumes that agents act in their own self-interest. Firms thus choose locations that maximize ...
Commercial location development (CLD) is a method used by the public sector to position its territory and create a good frame condition for the development of its economy. . After having made a thorough diagnosis of the actual situation the public entities design a Marketing strategy of the location, which includes, as in any marketing mix, the target groups definition (type of enterprises ...
Strategic geography is concerned with the control of, or access to, spatial areas that affect the security and prosperity of nations.Spatial areas that concern strategic geography change with human needs and development.
In marketing, geomarketing (also called marketing geography) is a discipline that uses geolocation (geographic information) in the process of planning and implementation of marketing activities. [1]
Most definitions of geostrategy below emphasize the merger of strategic considerations with geopolitical factors. While geopolitics is ostensibly neutral — examining the geographic and political features of different regions, especially the impact of geography on politics — geostrategy involves comprehensive planning, assigning means for achieving national goals or securing assets of ...
Cluster theory is a theory of strategy. Alfred Marshall, in his book Principles of Economics, published in 1890, first characterized clusters as a "concentration of specialized industries in particular localities" that he termed industrial districts. [1] The theory states that concentrating industries in specific regions creates several advantages.
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.