A Description of the Types of Goods and Services Offered

question 24

Multiple Choice

A description of the types of goods and services offered and the geographic area of a market is called

• A)the large market concept.
• B)competition.
• C)a contestable market boundary.
• D)territorial market boundary.
• E)market definition.

---

Definitions:

Location Selection

The process of choosing an optimal place for business operations, considering factors such as cost, accessibility, and market demand.

Goods

Physical items that are produced, bought, or sold to satisfy wants or needs of consumers.