Boost Your Final Grades By Ordering Custom Writing Help!

For similar papers and sample answers; with a few clicks, Order your research paper, thesis, dissertation writing and other assignment help services

Posted: April 13th, 2023

The importance of location in business

The importance of location
Location is the place where a firm decides to site its operations. Location decisions can have a big impact on costs and revenues. A business needs to decide on the best location taking into account factors such as: Customers – is the location convenient for customers?
Staff – are there sufficient numbers of local staff with the right skills willing to work at the right wage? Support services- are there services offering specialist advice, training and support? Cost – how much will the premises cost? Those situated in prime locations (such as city centres) are far more expensive to rent than edge-of-town premises.

The importance of infrastructure
Infrastructure refers to the facilities that support everyday economic activity, eg. Roads, phone line and gas pipes. An efficient transport network enables staff to get to work easily. It also allows supplies to be brought in from far afield and permits finished products to be moved to market cheaply and quickly. The impact of location depends on the type of business. For example, it is important for shops and restaurants to be conveniently located for customers. A delivery-only takeaway may prefer to locate in inexpensive premises on the edge of town close to good transport links.
Government and location
The government offers grants and assistance to businesses that locate in areas with high unemployment. Incentives include: Grants to help with the cost of setting up a business. Grant money does not need to be repaid. Loans, which are repayable over many years at low rates of interest. Tax breaks, for example firms may be made exempt from paying business rate
Overseas location decisions
Setting up a business overseas involves a number of challenges including: Cultural and language barriers where managers are unfamiliar with local customs. Legal issues where local laws are different.
Exchange rate issues. Unexpected changes in the value of sterling can have an impact on prices, costs and profits
Factors affecting the location of a business
Market:
Need to be near to transport goods
Need to be near to cut transportation expenses
Raw Materials / Components:
If the raw materials are bulky and expensive to transport it will clearly be in the entrepreneur’s interest to locate near to them.
Transport costs:
The two major influences are the pull of the market and the pull of the raw materials and these are determined by whether or not the industry is bulk-increasing or bulk-decreasing.
Land:
Land costs vary considerably nationally and some firms, e.g. wholesalers, might need a large square-footage. They might, therefore, be influenced by the cheaper rents and property prices found in some areas.
Labour:
Wages of the labourers
How skilled they are
Safety:
Some industries have to locate their premises well away from high density population levels and their choice of location is limited.
Power:
Need a reliable source of power to operate effectively
Water supply:
Cost of water
A lot of water is needed in the production process
Government:
Government provides special assistance to areas of high unemployment.
Grants/subsides
Restrictions on dumping, etc.
A convenient location

Check Price Discount

Study Notes, Research Topics & Assignment Examples: »

Why Choose our Custom Writing Services

We prioritize delivering top quality work sought by college students.

Top Research Professionals

The research experts and assignment help team consists exclusively of highly qualified graduate writers, each professional with in-depth subject matter expertise and significant experience in custom academic writing.

Discounted Pricing

Our custom writing services maintain the highest quality while remaining affordable for students. Our pricing for research papers, theses, and dissertations is not only fair considering the superior quality but also competitive with other writing services.

0% Similarity Index

We guarantee plagiarism-free, human-written content. Every product is assured to be original and not AI-generated. Our writers, tutors and editors are research experts who ensures the right formating and citation sytles are followed. To note, all the final drafts undergo rigorous plagiarism checks before delivery for submission to ensure authenticity for our valued customers.

How it works

When you decide to place an order with Dissertation Help, here is what happens:

Complete the Order Form

You will complete our order form, filling in all of the fields and giving us as much instructions detail as possible.

Assignment of Writer

We analyze your order and match it with a custom writer who has the unique qualifications for that subject, and he begins from scratch.

Order in Production and Delivered

You and your writer communicate directly during the process, and, once you receive the final draft, you either approve it or ask for revisions.

Giving us Feedback (and other options)

We want to know how your experience went. You can read other clients’ testimonials too. And among many options, you can choose a favorite writer.

Write My Paper