Location and quality L.W Flashcards
What is footfall?
The amount of people that walk past a place.
What does ‘quality’ mean
Wether the product reaches the expectations of the consumer.
Why might public transport be important in a business’ location?
If the business is aimed towards younger or older people, especially if they are in able to drive or traffic and parking makes it difficult.
Competition should be avoided unless…….
You can offer something unique (special) that your competitors cannot. Sometimes you can move to an area with a good reputation so that people will come from a long way off.
How is the Internet helpful for a small business.
The Internet offers a great opportunity to set up without having to pay the high costs of renting premises. It also offers businesses the chance to compete with other businesses on a larger scale.
