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The demographic transition view of population growth believes that slower population growth will
lead to rising incomes.
Lower-Than-Market Rent
Rental rates offered at a price below the current market average, often used as an incentive or for strategic reasons.
Process Layout
A way to arrange a manufacturing business by placing all comparable equipment together in the same area.
Manufacturing Business
A company involved in the transformation of raw materials into finished products through the use of machinery and labor.
Free-Flow Layout
A store or workplace arrangement where fixtures and merchandise are grouped in an informal, non-linear manner to encourage exploration by customers.
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