Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Two Approaches in Choosing a Location for Your Business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Caramelle, post: 207555, member: 150"] When choosing a location for a business, there are two distinct approaches that come to mind. One approach advises setting up a business away from the competition. This enables the business to grow at its own pace and gain patronage from the immediate location. Businesses such as bakeries, grocery stores, and supermarkets will likely benefit from the monopoly-like conditions. [JUSTIFY]The other approach is setting up a business where the competitors are located. Wonder why clubs, restaurants, car shop supplies, and similar businesses choose to locate themselves in one district or area side by side with their competitors? One big reason is that they want to establish the location as the place to go for their products or services. These businesses seek to capitalize on each other’s strengths and advantages to drive customers to their location and increase their sales potential.[/JUSTIFY] What are your ideas regarding these two approaches? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Two Approaches in Choosing a Location for Your Business
Top