Locational Models Suggest That Customers Are Better Off If

question 23

Multiple Choice

Locational models suggest that customers are better off if:

• A)they are near a store since their travel time, and therefore the cost of travel, are reduced.
• B)there are many stores since price competition will lower the cost of goods.
• C)they are far from a store since noise, congestion, and garbage are reduced.
• D)stores are operated as communes since costs are reduced and profits are earned by the customers.

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Definitions:

Takeover

The acquisition of one company by another, either through direct purchase or by obtaining a majority stake in the target company.

Assets

Resources owned by an individual or entity that have economic value and can be converted into cash.

Consolidation

The process of combining two or more entities into a single entity, often with the goal of improving efficiency or reducing costs.

Assets and Liabilities

The items a company owns (assets) and the debts it owes (liabilities), fundamental components of a company's financial health.