Pricing for Rental Rates
Not what you're looking for?
Despite the fact that rental rates for commercial space and labor costs are generally higher in big cities than small towns; the prices of many products - such as electronics and clothing - are higher in small towns than in large cities. Can you explain this?
Purchase this Solution
Solution Summary
The solution explains why rental rates for commercial spaces and labor costs are generally higher in big cities than smaller towns.
Solution Preview
Competition. Labor costs less because the number of jobs available can be much lower and there is more competition for the jobs. In big cities, it costs more to hire good talented, skilled people because there are more in the pool with more jobs available to choose from. However, the costs are higher for products because there are fewer places to buy products. The competition is more fierce, with the price going up due to higher demand but ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.