A Retailer's Most Important Decision Is "Location, Location, Location

question 62

True/False

A retailer's most important decision is "location, location, location."

---

Definitions:

Social Regulation

Government-imposed regulations aimed at improving society's conditions, such as health, safety, and environmental protection.

Food and Drug Administration

A federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices, cosmetics, animal foods & feed, and veterinary products.

Jurisdiction

The official power to make legal decisions and judgments, often referring to the geographic area or range of subjects to which this authority applies.

Industrial Regulation

Policies and laws designed to control the activities and standards of industries to protect consumers, workers, and the environment.