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Business strategy
Importance of location to business establishment.
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[QUOTE="Mikes smithen, post: 296974, member: 90053"] Accessibility: A convenient location can attract more customers and increase foot traffic. Competition: Choosing a location that is near competitors can benefit a business by being easily noticeable to potential customers. Demographics: Understanding the demographic makeup of an area can help determine if it's a suitable place to establish a business. Rent/Cost: Rent and other costs associated with a location can have a significant impact on a business's bottom line. Zoning Regulations: Zoning regulations dictate what type of businesses can operate in certain areas and must be considered. Local Economy: The health of the local economy can affect a business's success, so it's important to consider the stability and growth potential of the area. Parking Availability: Adequate parking can be important for businesses, especially those that rely on drive-in customers. Visibility: A location with good visibility, such as on a busy street, can help attract customers and increase brand recognition. Target Market: A location that aligns with a business's target market can increase the chances of attracting and retaining customers. Future Development: Consideration of future development plans in the area, such as road construction or new developments, can impact a business's success. [/QUOTE]
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Importance of location to business establishment.
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