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Factors to Consider for Choosing Business Location - Book Report/Review Example

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In the paper “Factors to Consider for Choosing Business Location,” the author discusses the selection of appropriate and suitable business location, which is a very critical decision for the businesses because any mistake made in location selection could strongly affect the progression of the business…
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Factors to Consider for Choosing Business Location
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Download file to see previous pages Along with budget and business’s requirement, there are several other important factors like availability of labors, quick access to related markers, access of means of communication, government assistance, environmental stability and expected time to retain the business at that place. The important factors to be considered while selecting the business are discussed below in detail.
Usually, there are several suitable options for locating business available however it is not possible for all the businesses to attain the most suitable business because they also have to keep in view their budget for location. There is usually specific among decided in the business budget that could be spent to cover the cost of location and the business has to choose the location keeping in view its cost. All the suitable locations must be listed out according to their cost and then the company has to decide which location they could afford in their budget and it is also suitable for them keeping in view the business activities and availability of labor, communication and transportation means (Roger, p43).
Sometimes, the businesses have to expand their budgets to get some space in the prestigious business place because they have to build their brand name and corporate image by occupying some space in the business class where their competitors exist. They have to spend more money to show their presence in the business community otherwise they would not be able to gain the required exposure and attention from the business world and related people. ...Download file to see next pagesRead More
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