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Business location is defined as a place or structure occupied by a firm to run its operations. This includes any structure or establishment used in conducting a business. Bringing customers the business operations are targeting.How to choose a business location?
It is always best to get the location decision right first time. The main aim of choosing a business location is to achieve a balance between three related objectives: The potential revenues that can be achieved from the location The factors that influence the choice of business location can be divided into two broad kinds:What is a business location decision?
Business Location (Introduction) Location decisions are usually pretty important – to both large and small businesses. The location decision has a direct effect on an operation's costs as well as its ability to serve customers (and therefore its revenues). Also, location decisions, once made, are difficult and costly to undo.What are the objectives of location in business?
Another objective of the ideal location is to ensure the smooth operation of the business. This could be achieved if the business is located in a place where the services of banking, communication, transport, repairs, and maintenance are available easily and regularly. To promote employee welfare.