It Is Extremely Difficult for a Startup Company with No

question 74

True/False

It is extremely difficult for a startup company with no track record of success to raise money with a public stock offering.

Grasp the role of Geographic Information Systems in aiding location decisions.

Apply crossover analysis in selecting among location alternatives.

Assess the impact of exchange rates on location decisions.

Identify ethical considerations and social responsibility in location strategy.

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Definitions:

Normal Good

A type of good for which demand increases as the income of the consumer increases, reflecting a direct relationship between income and demand.

Inferior Good

A type of good whose demand decreases as the consumer's income increases, opposite to normal goods.

Complementary Good

A product or service that enhances the use or value of another product or service when used together.

Substitute

A good whose demand increases when the price of another good increases. For example, two brands of cola soft drinks are substitutes.