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According to Kohlberg's model of cognitive moral development, people in which of the following stages tend to make decisions based on rewards and punishments and immediate self-interest?
Optimal Location
The most favourable geographical position for a business or facility based on factors like cost, accessibility, and market demand.
Firms Locate
The process by which businesses decide where to establish their operations, influenced by factors such as market access, costs, regulations, and infrastructure.
Capital
Capital in a business context represents the financial assets needed for operations, such as funds in bank accounts, inventory, buildings, and machinery.
Growth Strategy
A plan devised by a business to increase its size and market share through measures such as market penetration, product expansion, and acquisitions.
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