business location Flashcards
(10 cards)
what are shopping centres
An undercover complex of shops.
what is a pro and con of shopping centres
Offer convenience – i.e., access to one or more supermarkets, hairdressers, post offices, pharmacies, bank branches, clothing stores, restaurants, cinemas, etc., and other specialist stores all under one roof.
Leasing a space can be expensive, particularly in larger centres like Chadstone
what is a retail shopping strip
A row of shops with a footpath in front along a busy road.
what is a pro and con of retail shopping strips
high visibility for passing traffic
no protection from poor weather conditions
what is online presence
A business that operates through the internet:
Online-only model:
no physical storefront
Hybrid model:
a physical storefront
+ digital presence
whats a pro and con of online presence
greater access to new customers locally and globally
expensive to plan
what is a home business
operate from the business owners home office
whats a pro and con of online presence
flexibility to choose own hours
hard to have work life balance
what are the afcotrs affecting the choice of business location
cost, visibility, amount of competitors, amount of customers and suppliers
what are complementary businesses
Businesses that sell products which are aimed at the same customers.
