Unit 1 AOS 2 KK6 Flashcards
Zoning
designed to keep business activities sperate from residential areas and prevent households from being disturbed by businesses operating late at night.
Shopping centres
- Includes one or more supermarkets, small specialist stores, clothing stores, pharmacies, cafes, newsagents, and often post office, restaurants, entertainment services and bank branches
- They have parking, access to public transport. Often include department stores (Myer, David Jones) and cinemas
Negatives - Leasing a store In a shopping centre can be expensive
- Time restraints can reduce independency
- They have parking, access to public transport. Often include department stores (Myer, David Jones) and cinemas
Retail (shopping retails)
- Retail shopping strips have developed on major roads.
- They struggle to compete with the growth of shopping centres
- High visibility for passing traffic
Retail shopping retails negatives
- Lack of parking
Limited protection form the weather, which can reduce foot traffic
Retail positives
- Can set own timing
- Since shopping centres close in the evening, shopping strips become popular locations for afterhours entertainment
Online prescence
Businesses are increasingly seeing the need to expand using the internet.
Others have added this component to their business to ensure they keep up with the competition and benefit from online sales
Online presence negative
Costs of planning designing and maintaing an online Prescence are significant
Careful to protect personal information
Home based businesses
Technology that is affordable and creative main reason businesses can be run from home
Most home businesses use the internet, computer applications and software
Home base businesses negatives
May lose social interactions
Not being able to balance work from home life sperate.
Factors affecting choice of location
Visibility, cost, proximity to customers and suppliers, proximity to competitors
Visibility
A business wanting high visibility would locate in a prime shopping area, manufacturing businesses do not need highly visible locations
Cost
Leasing or purchasing in central location will be more expensive
However less expensive places will often have less customers
Proximity to customer and suppliers
Should be convenient for customers, access to transport networks important, industrial parks are close to major freeways for trucks
Proximity to competitors
It would be unwise to establish a new business in a shopping centre that already has several businesses of that type