Question

decision on location is an important element of
a) setting up business unit
b) market research
c) manufacturing process​

Answer 1

Answer:

b) market research............

Answer 2

Decision on location is an important element of setting up business unit

• In order to maximise work-life balance, location plays a major role in recruiting and maintaining the best workers, many of whom keep a close eye on where they are located.
• Good location decisions while setting up the business improve the long-term success of a firm significantly.
• Having a strong location strategy enables the firm to achieve the perfect location compatible with business needs, one that helps them to optimise the scope while reducing both risks and costs.