Asked by Jonathan Berger on Jul 03, 2024
Verified
Types of sites, accessibility, legal considerations, and economic factors are all issues to address when choosing ______.
A) a potential product
B) a potential advertising campaign
C) a potential management team
D) a potential business location
Economic Factors
Variables such as inflation, interest rates, economic growth, and unemployment that influence the performance of an economy and its participants.
Legal Considerations
Aspects that involve or are influenced by laws, regulations, and legal principles, often requiring attention in decision-making processes and business planning.
Site Selection
The process of determining the best location for a business or facility based on various factors like demographics, costs, and regulatory environment.
- Identify factors affecting business location decisions including site selection and accessibility.
Verified Answer
RJ
Rachel JonesJul 04, 2024
Final Answer :
D
Explanation :
These factors are crucial when selecting a potential business location, as they directly impact the operation, legal compliance, and financial success of a business.
Learning Objectives
- Identify factors affecting business location decisions including site selection and accessibility.