Local Wage Rates, Presence of Local Unions, and Attitudes of Local

question 65

Multiple Choice

Local wage rates, presence of local unions, and attitudes of local workers would be major factors for location decisions for businesses that ________________________.

• A) are labor intensive
• B) have perishable products
• C) have high transportation costs
• D) have need for specific raw materials
• E) provide in-home services

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Definitions:

Depth of Product Line

The range of product variations offered by a company within a specific product category, reflecting the diversity in features, sizes, prices, or quality.

Large Assortment

A wide variety of products offered by a retailer or manufacturer to meet diverse customer needs and preferences.

Breadth and Depth

Terms referring to the variety and range of product lines and products offered by a business; breadth refers to the number of product lines, depth to the variety within those lines.

Merchandise Lines

The range of products that a retailer offers for sale to customers, often categorized by type, style, or function.