Discuss Three Types of Coping

question 115

Essay

Discuss three types of coping.

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Definitions:

Facility Location

Involves determining the most optimal placement for a firm's manufacturing or distribution facilities to minimize costs and maximize service quality.

Facility Location Decisions

The process of determining the most suitable locations for production or service facilities based on factors such as cost, access to markets, and logistics.

Tariffs

Taxes or duties imposed on imported or, less commonly, exported goods to control trade flows or raise government revenue.

Tax Incentives

Financial benefits offered by governments to encourage certain activities or investments, such as reducing taxes for eco-friendly practices.