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Locational excellence is particularly important for which type of firm?Multiple choice question.Call centersScience research facilityManufacturersRetailers

Question

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Solution

Break Down the Problem

  1. Identify which type of firm relies heavily on location.
  2. Analyze the characteristics of each type of firm listed in the options.

Relevant Concepts

  • Locational Excellence: Refers to having a good geographic location in relation to customers, suppliers, and competition, which is vital for certain types of businesses.

Analysis and Detail

  1. Call Centers: While location can be important, they primarily benefit from technology and workforce availability.
  2. Science Research Facility: These facilities may require proximity to educational institutions or specific locations but are less dependent on location for customer access.
  3. Manufacturers: Though location matters (e.g., access to suppliers), many modern manufacturers can operate globally.
  4. Retailers: Retailers need to be accessible to consumers, making location critical for attracting foot traffic and achieving sales.

Verify and Summarize

Upon evaluating the characteristics of each type of firm, it is evident that retailers significantly depend on locational excellence to thrive in a competitive market.

Final Answer

Retailers are particularly dependent on locational excellence.

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