Asked by Magen Phillips on Jun 29, 2024
Verified
A disadvantage of locating in a central business district is that it is expensive and hard to obtain parking.
Central Business District
The commercial and business center of a city, characterized by high concentrations of retail and office buildings.
Obtaining Parking
The process of securing a place for vehicles to be parked, often relevant in business settings where customer access requires convenient parking solutions.
- Acknowledge the challenges and costs of locating a business in a central business district.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
True
Explanation :
Central business districts (CBDs) are known for their high demand for space, leading to higher rent and property prices. Additionally, due to the concentration of businesses and limited space, parking can be scarce and expensive.
Learning Objectives
- Acknowledge the challenges and costs of locating a business in a central business district.
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