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Business strategy
Does the Location of Industries matters ?
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[QUOTE="blessingc, post: 236206, member: 73446"] Location matters alot when it comes to business, an industry that is close to a crowded place, where there's a good population will make it for some salient reasons. One of which includes: Raw materials are one of the important factors in an industrial location. The mere location of industries itself may be determined by the availability or location of the raw materials. Availability of labor or skilled workforce is the success mantra for the growth of all industries. Before starting an industry in a location consider if you can get a good labour force in such an environment. Having staffs is a backbone of an industry, you can't do the works alone you need to employ hands to help. Availability of easy transportation always influences the location of the industry. So the junction points of waterways, roadways and railways become humming centers of industrial activity.The site that is selected for the establishment of an industry must be flat and well served by adequate transport facilities. There must be a road road for easy access less you lose investors or customers. It is also important that an industry be built in an environment that provides good power supply. Basically industries need water and light for good and easy production. [/QUOTE]
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