Definition of «local business environment»

The phrase "local business environment" refers to the conditions and factors that affect businesses in a particular geographic area. This includes factors such as local economic conditions, government policies and regulations, competition from other businesses in the area, and local consumer preferences. The local business environment can have a significant impact on the success or failure of businesses in that area, and understanding it is important for businesses to make informed decisions about where and how they operate.

Sentences with «local business environment»

  • With offices in major cities throughout the United States, the firm has a national perspective and an awareness of local business environments. (kentlaw.iit.edu)
  • Although multinationals such as McKesson and Hewlett - Packard have satellite offices in Alpharetta, the Alpharetta Chamber of Commerce also supports a strong local business environment. (nerdwallet.com)
  • The study ranked urban centers — excluding the larger metro areas — using three factors: local business environment (length of the average workweek, revenue growth, industry variety), access to resources (financing and the amount of venture capital investment made per capita), and costs (office space affordability, labor costs, corporate taxes, and cost of living). (inc.com)
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