Question

what is location? how it effect the business. ​

Answer 1

Location is the place where a firm decides to site its operations. Location decisions can have a big impact on costs and revenues. A business needs to decide on the best location taking into account factors such as: Customers - is the location convenient for customers?

Staff - are there sufficient numbers of local staff with the right skills willing to work at the right wage?

Support services - are there services offering specialist advice, training and support?

Cost - how much will the premises cost? Those situated in prime locations (such as city centres) are far more expensive to rent than edge-of-town premises.

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