Business Location (VCE SSCE Business Management): Flashcards

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Business location
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Business location

Geographical site where a business operates

Foot traffic

Number of people walking past a business

Demographics

Population characteristics: age, income, ethnicity, education

Zoning

Local govt regulations designating areas for specific uses

Complementary business

Business offering products related to or enhancing another's

Start-up

Commencement of business operations

Retailers' location priority

Maximising visibility to potential customers

Manufacturers' location needs

Large floor space & easy access to transport routes

Online businesses' key requirement

Fast and reliable internet connections

Traffic-cost relationship for retailers

Higher traffic flow = higher location costs

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