List and Describe Business Environment Conditions That May Impact the Location

question 16

Essay

List and describe business environment conditions that may impact the location decision.

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Definitions:

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then resell them in smaller quantities to retailers or other businesses.

Personalized Services

Customized offerings tailored to meet the individual preferences and needs of customers, often using data insights.

Profit Margins

The difference between the selling price and the cost of goods sold, expressed as a percentage of the selling price, indicating the profitability of a product or business.

Blockchain

A decentralized, distributed ledger technology that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.