Business Location (VCE SSCE Business Management): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Business location
Business location
Geographical site where a business operates
Foot traffic
Foot traffic
Number of people walking past a business
Demographics
Demographics
Population characteristics: age, income, ethnicity, education
Zoning
Zoning
Local govt regulations designating areas for specific uses
Complementary business
Complementary business
Business offering products related to or enhancing another's
Start-up
Start-up
Commencement of business operations
Retailers' location priority
Retailers' location priority
Maximising visibility to potential customers
Manufacturers' location needs
Manufacturers' location needs
Large floor space & easy access to transport routes
Online businesses' key requirement
Online businesses' key requirement
Fast and reliable internet connections
Traffic-cost relationship for retailers
Traffic-cost relationship for retailers
Higher traffic flow = higher location costs
