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Why location of businesses is critical to small-scale retailers.
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[QUOTE="Ayuba Ernest, post: 242927, member: 70169"] Location is critical to small-scale retailers for a number of reasons. First, retailers need to be situated in areas with high foot traffic in order to maximize exposure to potential customers. Second, the rent for retail space is often expensive, so retailers need to be strategic in their choice of location in order to keep costs down. Finally, the local competition can have a big impact on a retailer's success, so it's important to choose a location that gives the retailer a competitive advantage. One of the most important factors to consider when choosing a location for a small-scale retail business is foot traffic. Retailers want to be situated in areas where there is a lot of foot traffic, such as near a busy intersection or in a shopping mall. This ensures that potential customers will be exposed to the retailer's products and services. Another important factor to consider when choosing a location for a small-scale retail business is the cost of rent. Retail space is often expensive, so retailers need to be strategic in their choice of location in order to keep costs down. One way to do this is to choose a location that is not in a prime retail area but is still accessible to potential customers. The local competition can also have a big impact on a retailer's success. When choosing a location, retailers need to consider the competition in the area. If the competition is too fierce, it may be difficult for the retailer to succeed. However, if the competition is not too strong, the retailer may be able to gain a competitive advantage. [/QUOTE]
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Why location of businesses is critical to small-scale retailers.
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