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Question B
Mobility of Economic Activities Examine the mobility of modern economic activities with reference to one multinational company that you have studied.
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Answer
The mobility of economic activities reflects how businesses like Apple Inc. strategically relocate their operations to optimize efficiency. This includes manufacturing, research and development, and sales activities across various countries.
Apple's manufacturing has largely moved to countries like China due to lower labor costs and advanced supply chain ecosystems. However, as labor costs rise, Apple has begun shifting some production lines to India and Vietnam, showcasing the adaptability of modern economic activities in response to global economic trends.
Additionally, Apple's extensive investment in R&D has led to innovation hubs in countries that offer skilled labor, such as the United States, while also taking advantage of tax incentives and favorable legislation overseas.
Moreover, Apple’s distribution network illustrates mobility; distribution centers are strategically placed around the globe to ensure quick delivery to markets, enhancing their efficiency and responsiveness.
In summary, Apple's operations exemplify the mobility of economic activities, demonstrating how modern businesses navigate global markets by leveraging geographical advantages and adapting strategies according to economic conditions.
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