Location TD Flashcards
Why is it important for businesses to be close to suppliers?
Why is it sometimes important for businesses to be close to competitors?
Why is it sometimes helpful for businesses to be near competitors?
If the area the business is in has a good reputation, more people will be enticed to visit there.
What is it called if a business borrows a location and pays for it monthly ?
Rent
Where would be a logical location for a business supplying exports to have a location?
Near to an airport or docks.
Why might it be good to set up a location near public transport locations?
There is more footfall.
Why do some business choose to go to forigen countries for labour?
It is cheaper than in the country they are currently in.
Why is it for a hotel to be in a respectable area?
People wouldn’t want to stay in a hotel in a bad area as they wouldn’t feel safe.
What is the term for potential customers going past your location?
Footfall
Why is rent more expensive in big cities?
There are more people passing the shop so higher chance of customers.
