Glossary

IB Business Management: Glossary

Bulk-increasing industriesDescribes the businesses that need to be located near to their customer as the final product (such as hand-made home furniture) is bulkier and heavier than the raw materials used to make it.Bulk-reducing industriesDescribes the businesses that need to be located near to the raw materials needed to produce a certain good, e.g. breweries should locate where there is a readily available supply...


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