Which of the following is true of business locations?
A) Target market customers are essential factors for selecting business locations.
B) Most entrepreneurs prefer their business locations to be outside their hometown.
C) The cost of moving a company across town or across the country is cheap.
D) Proximity of competitors does not affect choice of business locations.

Question

Quizplus · Accepted Answer

Target market customers are an essential factor for selecting business locations. The business needs to be located in an area where the target customers can easily access the products or services, and where the competition is not too high.

B and C are incorrect as there is no evidence to support either claim.

D is incorrect as the proximity of competitors can have a significant impact on the choice of business location. It is essential to consider the level of competition in the area before selecting a location.

Which of the Following Is True of Business Locations