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Identify and Discuss the Basic Components of an Attractive Business

question 119

Essay

Identify and discuss the basic components of an attractive business climate. Also comment on the extent to which a fast-food restaurant franchise might make a different assessment of relevant factors than would a capital-intensive business,such as an oil refinery and pipeline company.


Definitions:

Reciprocal Relationships

Mutual interactions or exchanges between two or more parties, where both or all individuals benefit from the relationship.

Develop

The process of growth or progression through successive phases, typically referring to physical, cognitive, or emotional maturation.

Drive-Reduction Theory

A theory in psychology that explains motivation as being rooted in biological needs that drive behavior towards reducing or eliminating those needs.

Behavioral-Learning Theory

A theory that emphasizes learning through interactions with the environment and the association between stimuli and responses.

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