Market Memo: Overview Of The Local Business Market

Market Memo Students Name Institutional Affiliation (enter your name)1600 Woodland Avenue Abington, PA2.1. 2019 To: Abington Metro Council From: (enter your name) Subject: overview of the local business market Given the increase in the population of the town of Abington, there are great chances that most of the businesses would survive the local economy. People are creating new businesses, and in turn, this has reduced the levels of unemployment in the town. Among the strength of the local economy is that the growing population provides a ready market for the available industries. Therefore, investors and producers will not have to seek foreign markets for their products. As well, a new business would have potential workers. The weakness of the local economy is that most of the business are entitled to unfavorable taxes. This has increased the cost of production hence reducing the profit margin for businesses. For instance, some of the hotels receive a higher sales tax as compared to other busines...