There are a number of factors to consider when choosing a business location. Some of them include nearness to the market, security, population of the place, demand of your core business and so much more.
availability of potential customers for the intended business.
Establishing a business of your own is not easy, but if guided by business principles and procedures, you can do it. in running and choosing a business, you need to consider the following: # Availability of Resources. # Market Demands. # Current Business Trends. # Good Location. # Capital or Fund.
THERE ARE NUMBER OF FACTORS TO BE CONSIDERED BEFORE CHOOSING A SITE FOR BUSINESS AS FOLLOWS [A] Availability of custom.[B]Availability of raw material; [c]Infrastructure;[D]Availability of labour both skilled and unskilled.These are some of factors depending on nature of your bussiness.
you won
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
Choosing the location of a farm is important because it can impact factors such as soil quality, weather conditions, water availability, transportation costs, and market access. Selecting a suitable location can help optimize crop yields, reduce production costs, and improve overall farm profitability.
identitfy and discuss factors that influence the location of your business?
Various factors can affect if someone chooses to use a business or not. For example, the location and the price.
The best location for a business will vary based on a variety of factors. If your business is very small and involved in retail, you will want to be in a location near other retailers.
for - main port industrialized area large workforce
Various factors can affect the globalization of a business. For example, cultural factors may affect how viable a product is in a certain location.