UNIT 1 - Business in the real world - Unit 1.5 - Business location

Unit 1.5.20 - Business Location

Why is it important?

• Costs - Rent or price of buying buildings varies.

  • Central London is more expensive than central Dartford.

• Sales - May affect whether or not the business gets customers.

  • More people in the center. Is space available?

• Image - Location can affect the image of a product.

  • French wine, Belgian chocolate, Gucci store in Bexley high street.

Factors influencing location

• Type of business

  • Web design, newsagents, factory, clothes shop. Close to transport or close to customers?

• Proximity…