Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Alexander Graham Bell, Thomas Edison
Location of Markets
Refers to the geographical position of the consumer base or where the demand for products and services exists.
Location Decision
Deciding on the most optimal geographical site for a business's operations, facilities, or stores based on factors like cost, accessibility, and market demand.
Service Firm
A business that primarily offers intangible products, such as expertise or labor, rather than physical goods.
Parking and Access
Refers to the design and management of parking spaces and the ease with which people can access and leave these areas.
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