Factors affecting location of a business?

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1234708

2026-03-06 22:25

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The factors that affect the location of a business include:

  • Level of competition from similar vendors/businesses
  • Availability/accessibility for/to customers
  • Accessibility to suppliers
  • Consumer demand of such a business in a certain locality (i.e., if your business is the only coffee shop in town, you will get lots of customers. If your business is one of many coffee shops in a town or city, you will not get as many customers)
  • Ability to expand the business
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