Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. why do competing firms often locate their stores i

Why do competing firms often locate their stores in close proximity to each other? For example,...

60.1K

Verified Solution

Question

Economics

Why do competing firms often locate their stores in closeproximity to each other? For example, gas stations always builtright next to other gas stations. Fast food chains, grocery stores,coffee shops, and restaurants always seem to exist in groupsinstead of being spread evenly throughout a community.

CAN YOU PLEASE MAKE THE ANSWER AT LEAST 100 WORDS.

Answer & Explanation Solved by verified expert
4.0 Ratings (522 Votes)
This is a common phenomenon competing companies locating their stores close to one another It is very common with fast food stores gas stations banks mattress stores coffee shops pharmacies big retailers and so on It doesnt seem to make sense but    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

A contractor buys 14 yd of nylon carpet and 20 yd of wool carpet for...

Civil Engineering
1.2K views

what are 3 requirements for the composition of a Road Safety Audit team

Civil Engineering
1.2K views

According to the design standards, the durability of RC structures depends on which important factors?

Finance
1.2K views

Problem 16-07 Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of...

Medical Sciences
1.2K views

A) Postural abnormalities and associated muscular and skeletal conditions. B) advantages/disadvantages in therapeutic exercise. C) types of...

General Management
1.2K views

Explain the difference in related and unrelated diversification. Identify two companies that have achieved earning's growth...

Basic Math
1.2K views

A scientist claims that pneumonia causes weight loss in mice The table shows the weights...

Accounting
1.2K views

Please complete the required federal individual income tax return forms for Bob and Melissa Grant...

Accounting
1.2K views

Hearne Company has a number of potential capital investments. Because these projects vary in nature,...

Accounting
1.2K views

What does it mean to assign overhead costs? There are several options for assigning overhead...

Finance
1.2K views

The following table shows the projected free cash flows of an acquisition target. The potential...

Accounting
1.2K views

answer to the nearest whole dollar. a. $11,645 b. $19,175 c. $11,412 d. $15,526