Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Question
Objectives
Prepare by thinking about where to locate your business.
Instruction
- Explain the importance of a business’s location and some key factors in determining the appropriate location.
- What are the key things to consider in determining the layout of the operations of the business?
- How does a business control the quality of its products and operations?
Expert Solution
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Step 1: Meaning of Business location-
A business location is the physical or virtual environment in which a firm conducts activities, provides services, or sells items. It is critical to a company's performance, determining client accessibility, cost, and overall visibility. Choosing the right business site is critical to attracting clients, meeting logistical requirements, and accomplishing strategic objectives.
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