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1.4 Revision (business location (Safe (Appropriate for children,…
1.4 Revision
business location
easy access
Not on main road
car park
Safe
Appropriate for children
Appropriate for the elderly
near a crossing point
no hazards in/out the building
Cheap
Cheaper than competitors
Better deals than competitors
profitable
Well known
attractive name
Big building
Nice building design
Specific aspect of the business which people will remember you for
populated
Main city
big town
near popular stores
A lot of advertisments in thw mainm cities
Rent cost
Low cost
High value
new
Away from competitors
marketing mix
Promotion
Bilboard
sign
Internet adverts
Popular brands
Price
Lower than competitors
Atractive
Profitable
Cheap
Different
Place
populated
high land value
Safe
Popular
Low rent
Product
Different
attrative
New
In the market
Popular
Reasonable price
Profitable
Investments
Limited liability
is when the entrepreneur is limited to the total amount they have invested
Unlimited liability