Location Strategy Is Important in That It Can Provide Barriers

question 9

True/False

Location strategy is important in that it can provide barriers to entry,and competitive positioning,as well as generating additional demand.

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Definitions:

Selling Price

The amount of money that a seller asks for in exchange for a product or service.

Mark-up

The amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.

Sweater

A knitted garment typically with long sleeves, worn over the upper body.

Overhead Expenses

General business expenses not directly attributable to a specific product or service, such as rent, utilities, and administration costs.