What factors influence the location of a business?

Question

Quizplus · Accepted Answer

All of the above factors (competition, customers, and costs involved) significantly influence the location of a business. The presence and intensity of competition can affect market saturation and profitability. The proximity to customers is crucial for accessibility and market reach. Costs involved, such as rent, utilities, and labor, directly impact the financial sustainability of the business.

What Factors Influence the Location of a Business