Final answer:
Location decisions in business have a long-term impact on investment requirements and revenue and operations. They can provide a competitive advantage by choosing the right location.
Step-by-step explanation:
Location decisions in business usually entail a long-term commitment instead of a short-term commitment. These decisions have a significant impact on investment requirements as they involve choosing the right location for a business to maximize growth and profitability. Additionally, location decisions can affect revenue and operations because finding an optimal location that is close to suppliers and customers can lead to cost savings and increased efficiency. It is not accurate to say that location decisions seldom provide a competitive advantage because choosing the right location can give a business a strategic edge over competitors.