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One of the most important decisions affecting the success of a business organisation is its location. A good location can help make a business successful.
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TASK C - LOCATION AND OWNERSHIP One of the most important decisions affecting the success of a business organisation is its location. A good location can help make a business successful. A location that has the lowest possible costs helps the firm to make the largest possible profit. ? Factories. Manufacturing businesses will be looking for a factory where they can produce their goods ready for sale. ? Offices and shops. Businesses providing services will try to find a suitable shop or office, depending on the type of business. ? Natural resources. Some businesses require land, or other natural resources, as well as buildings. The factors affecting the location of a business are: ? Distance to market Many businesses need to be located close to their market. Service industries such as entertainment and banking also have to locate near their markets to be available for their customers. Many manufacturing industries locate close to their...
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