The Savvy Entrepreneurial Firm feature in Chapter 3 focuses on the importance of a business's location. The main point made by the feature is:
A) a business's location is more important for manufacturing firms opposed to retail firms
B) a business's location is equally important for manufacturing firms and retail firms
C) a business's location is always important
D) a business's location is rarely important
E) the importance of location varies in importance depending on the type of business

Question

Quizplus · Accepted Answer

The main point made by the Savvy Entrepreneurial Firm feature is that the importance of location varies depending on the type of business. While some businesses may need to be in a specific location to attract customers, others may prioritize proximity to suppliers or transportation infrastructure. Therefore, it is important for entrepreneurs to carefully consider the role of location in their business strategy.

The Savvy Entrepreneurial Firm Feature in Chapter 3 Focuses on the Importance