How to Choose the Perfect Location for Your Retail Business

The recipient of a good, service, product, or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.

• Customer

• Consumer

• Seller

• Owner

The quality of being able to be reached or entered.

• Marketability

• Ability

• Accessibility

• Flexibility

The set of fundamental facilities and systems that support the sustainable functionality of households and firms.

• Store

• Building

• Structure

• Infrastructure

The process of determining the viability of a new service or product through research conducted directly with potential customers.

• Action Research

• Market Research

• School Research

• Qualitative Research

The whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity.

• Demographic

• Photographic

• Topographic

• Mechanic

The rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.

• Battle

• Contest

• Competitors

• Competition

The term is used in business to describe the number of customers that enter a store, mall, or location.

• Foot Brake

• Foot Traffic

• Road Traffic

• Air Traffic

"Location can make or break a store".

• True

• False

When establishing a business it is not important to look for the potential customer.

• False

• True

In starting a business location is not vital

• True

• False