Which Statement Is True About Location Decisions

question 75

Multiple Choice

Which statement is true about location decisions?

• A)Franchisers assist entrepreneurs with location decisions.
• B)Location decisions have an temporary effect on business operations.
• C)Location decisions should be made independently of consumer needs.
• D)The location decision is equally critical to all types of businesses.

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Definitions:

Subsidies

Financial assistance granted by the government to individuals, organizations, or industries to support business activities and encourage economic growth.

Special Taxes

Levies imposed on specific goods, services, or activities, often with the intention of discouraging usage or generating revenue for targeted purposes, distinct from broad-based taxes like income tax.

Tariff

A tax imposed by a government on imports or exports of goods and services.

Import Quota

A government-imposed limit on the amount or value of goods that can be imported into a country over a specified period of time, usually to protect domestic industries.