Proximity to Customers Is a More Important Factor in Locating

question 193

True/False

Proximity to customers is a more important factor in locating manufacturing facilities then it is for locating service facilities.

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Definitions:

Joint Tenants

Individuals who own property together with rights of survivorship, meaning upon the death of one tenant, their interest in the property automatically passes to the surviving tenant(s).

Right of Survivorship

A legal principle in joint ownership where the surviving owner(s) automatically inherit the share of a deceased owner.

Executor

An individual appointed in a will to manage the deceased's estate, responsible for settling debts and distributing assets to beneficiaries.

Per Capita

A distribution of property in which each member of a group shares equally.