A Critical Success Factor at Stage 2 of Location Decisions

question 46

Multiple Choice

A critical success factor at Stage 2 of location decisions is ______.

• A)space to expand
• B)visibility and traffic patterns
• C)availability and cost of utilities
• D)construction and land costs

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Definitions:

Economic Behaviors

Actions or decisions of individuals, households, and organizations regarding production, distribution, and consumption of goods and services.

Mental Processes

The internal cognitive operations that underlie thinking, reasoning, perception, and emotional responses.

Behavioral Economics

The study of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Neoclassical Economics

An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.