If a Service Business Is Visited by the Customer, Location

question 75

True/False

If a service business is visited by the customer, location is not critical. The customer will find the business.

---

Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.

Retail Store

A business establishment that sells goods or commodities directly to consumers.

Leakage

In economics, money or income that exits the economy through various channels without returning directly as spending or investment.

Circular Flow

A model in economics that depicts how money and goods move through the economy in a loop between households and firms.