LOCATION OF A BUSINESS

a good location is often a critical factor in recruiting the right people into your business, particularly if they have been offered several jobs and need to evaluate the pros and cons of each.

• TRUE

• FALSE

Your proximity to other competing businesses could'nt be crucial to your success

• True

• False

The location of a business positions only to attract a customer base but also to attract the right sort of talent to make the business a success.

• True

• False

The location of a business positions only to attract a customer base but also to attract the right sort of talent to make the business a success.

• True

• False

A business’s location doesn't helps it create a brand and image, since there are always parts of a city that carry a reputation, whether it is a reputation for simple living or a reputation for luxurious extravagance

• True

• False

Shopping plazas in very central locations are very popular locations for businesses.

• True

• False

It is less cost effective for a business that uses raw materials that are heavy and or bulky to locate close to the source of raw material.

• True

• False

Firms will locate where there are adequate supplies of water, lighting, airports, seaports, good roads, transportation, and communication facilities.

• True

• False

An suitable location can result in high operational costs or low sales volume.

• True

• False

Your location can increase your odds of being affected by crime, which in turn can influence your insurance premiums, as well as the additional security measures you made need to take to keep your premises safe

• TRUE

• FALSE