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Business strategy
Does the Location of Industries matters ?
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[QUOTE="Lens1000, post: 236757, member: 37726"] In any business, the location is very important the business location must be considered first because the business location will determine the success if the business. I said this because so many things are attached to the location. This is the major reason why the location of the business Will go a long way to determining the success of the business plans. This imply that the business location is an integral part of the business plans and invariably, the backbone to the success of the business that we are talking about. We have seen many good business plans failed woefully due to the bad choice of location. This is why it must be taken very seriously and also choose with precision. Lots of factors are to be considered before choosing the site to situate the company. One of such factor is nearness to the raw materials . The raw materials are very important at the the production phase and this is basically the reason why we need to consider the nearness to the raw materials. Then, the closeness to the market is another important factor to be considered. The location must be very accessible to the market because this is where the product would be sold. [/QUOTE]
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