Chapter 10, Problem 9AA

To determine

To state: The correct word that completes the given sentence.

Answer to Problem 9AA

The correct word that completes the given sentence is location.

Explanation of Solution

Location of business holds a great importance as it will only decide whether the products are easily reachable to the customers or not. Closeness to the market and the product approachability are some of the factors to be considered when locating a business.

Economics Concept Introduction

Introduction: Location of business holds a great importance as it will only decide whether the products are easily reachable to the customers or not.