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When a major business closes or relocates, it often leads to significant economic repercussions for the local community, including job losses and reduced consumer spending. This can result in a decline in property values and increased vacancies in commercial real estate. Additionally, the local economy may experience diminished tax revenues, affecting public services and infrastructure. Overall, the closure can create a ripple effect, impacting small businesses and the overall community vitality.

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What effect is likely to occur when a major business closes or moves out of an area?

When a major business closes or moves out of an area, it often leads to significant economic decline, resulting in job losses and reduced income for local residents. This can trigger a ripple effect, causing smaller businesses to suffer from decreased customer traffic and ultimately leading to further closures. Additionally, the community may experience a decline in property values and a reduction in public services due to lower tax revenues. Overall, the departure of a major business can destabilize the local economy and diminish the quality of life for residents.


Why did you choose this major?

Many people choose a major in business and industry so that they can own their own business. Many others choose a major in business so that they can be understand the economics and finance that goes into a business.


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major problems of business organizations


Which city would the famous immigrant Andrew Carnegie most likely have done business in during the 1890s?

Andrew Carnegie would most likely have done business in Pittsburgh during the 1890s. As the founder of Carnegie Steel Company, he played a pivotal role in the steel industry, which was centered around Pittsburgh at the time. The city was a major hub for steel production and innovation, making it a key location for Carnegie's business activities.


Congress enacts te tight money act tma of 2006 to ban major business entities from making political contributions that individuals can make a court would likely hold the tma to be?

An unconstitutional restriction of speech.

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What effect is likely to occur when a major business closes or moves out of an area?

When a major business closes or moves out of an area, it often leads to significant economic decline, resulting in job losses and reduced income for local residents. This can trigger a ripple effect, causing smaller businesses to suffer from decreased customer traffic and ultimately leading to further closures. Additionally, the community may experience a decline in property values and a reduction in public services due to lower tax revenues. Overall, the departure of a major business can destabilize the local economy and diminish the quality of life for residents.


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