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Location - Coggle Diagram
Location
Factors affecting location
legal controll
For example a drug store won't be close to a school
Some businesses have legal restrictions which prohibit them from being in a certain area or close to a place
competition
Other businesses will want to be closer to competitors to atract more customers
Some businesses will be in location where competition is minimised
e-commerce
Businesses will want to be in areas with good connectivity ad be close to mantainence company so the time they can't work is minimised
materials
Manufacturers will want to be close to raw material producers
Business will want to be closer to materials as the transport cost is decreased
labour
An example of this would be manufacturers, for example car manufacturer
Some businesses will want to move operations to other countries as the minimal wage is lower, which save costs
nature of the business
for example agriculture will need fertile land with a large area
Some business need a specific land
market
An example of this would be retail shops that are close to the custoemrs
For some business, it is best for the business to be closest to the consumer. This will attract more customers as it is more convenient for them
Location of a business is affected by different factors