The Unique Features of a Local Environment Can Yield Benefits

question 40

True/False

The unique features of a local environment can yield benefits to small businesses locating there even when the costs are greater.

---

Definitions:

Bank Loan

A sum of money lent by a bank to a borrower at a defined interest rate for a specified period.

Long-term Loan

A loan that is extended over a lengthy period, exceeding a year, used for significant business investments or personal purchases.

Instalment Payments

A payment plan allowing a debt to be paid off in specific, scheduled portions over a set period of time.

Interest Portion

The part of a payment or financial operation that represents interest, separate from principal repayment or other components.