This place is no good

[keannu]

Can you tell me the difference between "no good" and "not good"? I think basically "no" refers to "non-existent", while "not" "the opposite of something".

6)The young manager flew out the very next day, but within 24 hours of reaching there, he called up his boss. “This place is no good for our business,” he said gloomily. “People do not wear shoes here. We had better forget any notion of setting up a factory here and I am catching..

[bhaisahab]

Can you tell me the difference between "no good" and "not good"? I think basically "no" refers to "non-existent", while "not" "the opposite of something".

6)The young manager flew out the very next day, but within 24 hours of reaching there, he called up his boss. “This place is no good for our business,” he said gloomily. “People do not wear shoes here. We had better forget any notion of setting up a factory here and I am catching..

In that context either would work.