Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 10.3, Problem 2R
To determine
To state: The aspects that should be considered when locating a business.
Expert Solution & Answer
Answer to Problem 2R
Closeness to the market and the product approachability are some of the factors to be considered when locating a business.
Explanation of Solution
The proximity of the business to the market is one of the factors which states that the customers will buy goods and services when the shops are situated closer to them. The closer you are to the customers, the more they will buy from you.
Product approachability also plays an important role as good road connection, closeness to warehouse, easy transportation, etc helps the business to work smoothly.
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.
Chapter 10 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 10.1 - Prob. 1RCh. 10.1 - Prob. 2RCh. 10.1 - Prob. 3RCh. 10.1 - Prob. 4RCh. 10.1 - Prob. 5RCh. 10.2 - Prob. 1RCh. 10.2 - Prob. 2RCh. 10.2 - Prob. 3RCh. 10.2 - Prob. 4RCh. 10.3 - Prob. 1R
Ch. 10.3 - Prob. 2RCh. 10.3 - Prob. 3RCh. 10.3 - Prob. 4RCh. 10.3 - Prob. 5RCh. 10 - Prob. 1AACh. 10 - Prob. 2AACh. 10 - Prob. 3AACh. 10 - Prob. 4AACh. 10 - Prob. 5AACh. 10 - Prob. 6AACh. 10 - Prob. 7AACh. 10 - Prob. 8AACh. 10 - Prob. 9AACh. 10 - Prob. 10AACh. 10 - Prob. 11AACh. 10 - Prob. 12AACh. 10 - Prob. 13AACh. 10 - Prob. 14AACh. 10 - Prob. 15AACh. 10 - Prob. 16AACh. 10 - Prob. 17AACh. 10 - Prob. 18AACh. 10 - Prob. 19AACh. 10 - Prob. 20AACh. 10 - Prob. 21AACh. 10 - Prob. 22AA
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