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A physical place. The location of a business is vitally important. For example, an oil company needs to station itself near oil. Likewise, a retail grocery store needs to be accessible from major roads.
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locationsee INDUSTRIAL LOCATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson