Apart from demand for the business, what factors are considered in choosing location of a business?

Kera

Community Advocate
Literary Virtuoso
Registered Member
Joined
Sep 20, 2024
Messages
1,082
Reaction score
29
Trophy Points
2
D Bucks
💵0.474809
Referral Credit
0
When it comes to the location of a business, the most important variable always considered is the demand of the business in that location.

I don't want to believe that it is only demand that is considered in choosing the location of the business. Which other factors are considered in choosing a business location?
 
Business location is vital to the success of a business, apart from demand abother factor is security. Doing business in unsecured environment is very risky and can make business fail woefully. No business survive under high level of insecurity.
 
Another factor you need to consider is nearness to resources. Which means you need to setup your business close to a place where you can easily restock or get the materials needed to run the business with ease.
 
19,329Threads
139,200Messages
456Members
KimamgaleLatest member
Top