KK6 Business Location

Question 1

What are Shopping centres

Answer 1

More than one types of stores and specialist stores
Huge parking and connect with public transport

Question 2

Advantages of a Shopping Centre

Answer 2

• Variety of physical stores
• Parking
• Heating & cooling
• • Shade

Question 3

Disadvantages of a Shopping Centre

Answer 3

• Cost of leasing
• Operation time and other factors are based on the shopping centres decision

Question 4

What are retailing Shopping strips?

Answer 4

A street/arcade of physical stores

Question 5

Advantages of Retail Shopping Strips

Answer 5

Cost of leasing
Local based hence stronger connection to customers

Question 6

Disadvantages of Retail Shopping Strips

Answer 6

• Parking
• Customer limited protection from climate

Question 7

What is Online Presence

Answer 7

Use of digital media throguh systems

Question 8

Advantages of Online Presence

Answer 8

• Conviency and accessibility

Question 9

Disadvantages of Online Presence

Answer 9

• Cyber Security
• Scams
• Cost of maintaince

Question 10

What are Home Based Businesses

Answer 10

A business location based on the mobility of the owner, which don’t require a physical or digital store to perform its task.

Question 11

Advantages of Home Based Businesses

Answer 11

• No cost of rents/ others
  -Flexibility

Question 12

Disadvantages of a Home Based Business

Answer 12

• Harder seperation of Work and Personal Life
• Feelings of isolation

Question 13

Factors affecting choice of business location

Answer 13

1. Visibility
2. Accessibility
3. Proximity
4. Surrounding Complimentary Businesses