Which of the Following Statements Is True Regarding Location Economies

question 9

Multiple Choice

Which of the following statements is true regarding location economies?

• A)The demand and supply factors heavily influence the productivity of a location.
• B)They apply only to service providers.
• C)Each production activity generates more value in a particular location than elsewhere.
• D)They are restricted to business activities that involve product manufacturing.

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Definitions:

Sales Discount

is a reduction in the listed price of a product or service offered to customers as an incentive to prompt payment.

Sales Discount

A reduction in the price of goods or services offered by the seller to the buyer as an incentive for early payment.

Charge Customer

The act of billing a customer for goods or services provided, usually resulting in an accounts receivable entry for the business.

Tile Sales

Revenue generated from the sale of tiles, typically used for flooring or walls.