The Most Important Factor in Location Planning for High-Contact Businesses

question 299

Multiple Choice

The most important factor in location planning for high-contact businesses is ________, but for low-contact business the most important factor in location planning is ________.

• A) availability of labour; proximity to customers
• B) proximity to customers; community living conditions
• C) community living conditions; transportation costs
• D) transportation costs; proximity to resource supplies
• E) proximity to customers; proximity to resource supplies

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Definitions:

Expropriation

The act of a government taking privately owned property to be used for the benefit of the public, usually with compensation.

Environmental Regulation

Rules and standards set by governments or other entities to control activities that impact the environment, aiming to reduce pollution and protect natural resources.

Industry Analysis

An evaluation of the economic and market factors that influence the competitiveness, profitability, and growth potential of an industry.

Financial Statement Analysis

The process of examining financial statements to make decisions about future performance and financial health.