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According to Modern Synthesis, evolution can be defined as a two-stage process that includes
Fixed Cost
Expenses that do not change with the level of goods or services produced over a short period, such as rent or salaries.
Attractive Location
A site or place deemed desirable for setting up businesses or operations due to factors such as low costs, strategic position, or access to resources.
Fixed Cost
Expenses that do not change with the level of goods or services produced, such as rent, salaries, or loan payments.
Variable Cost
Costs that vary directly with the level of production or service activity, such as materials or labor costs.
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