While One of the Six Key Factors in Determining a Good

question 81

True/False

While one of the six key factors in determining a good location may carry more weight for a particular business and its unique situation, each factor should always have some influence on the final location decision.

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Definitions:

Overhead Expenses

Ongoing operational costs not directly tied to production or sale of goods/services.

Break-even Price

The market price at which the costs of production equal the revenues for a product, resulting in no net loss or gain.

Selling Price

The purchase price is the sum a consumer spends to obtain goods or services from a vendor.

Markdown

A reduction from the original or list price of a product or service to increase its attractiveness to buyers.