Question

Consider a place you have worked or frequented. What are the key factors in the location...

Consider a place you have worked or frequented. What are the key factors in the location decision? If you had the opportunity to change location would you? Why or why not?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Some of the factors to be considered when deciding on the location are, such as –

  • ‘Access’: It is important to look for accessibility through local transportation where it is easy to move around with the cost benefits.
  • ‘Secure” : Consideration should be given for the place which is secure from the criminal activities and having lesser risks of potential crimes.
  • ‘Competition’ : Sometimes closeness to the competitive market does not go well for the business so it is better to check the area with competition around and what are the offerings for the right location.
  • ‘Rent’ : It is needed to understand the viability of the location and if it is worth paying bills or rent for the premises.
  • ‘Growth potential’ : It is good to see how the business activities can be expanded based on the market demand.
  • ‘Skill base for labor’ : It is always good to have skilled labor within the proximity.

Considering the above stated factors, would decide for the location.

Add a comment
Know the answer?
Add Answer to:
Consider a place you have worked or frequented. What are the key factors in the location...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT