Question and answer
Briefly describe the five key factors in selecting a good location for a "brick-and-mortar" retail store. Which of these factors do you believe is most important? Why?
1. Distance from a similar store or a competitor. 2. Population density and average income of the area. Are you selling something that you expect people can afford and are willing to buy? 3. Parking, ease of entrance/exit to and from the store. [ People are a lot less likely to stop at a place that is hard to get to, doesn't have adequate parking, or they have to wait through multiple stop
lights just to get in and out of. 4. Laws governing the height, dimensions, and lighting of signage. 5. Taxes. Sales, property, income, and payroll for the particular area. 6. Surrounding businesses. Are they complementary (will people who shop there be likely to visit your store)? Other outlets where consumers can stop without driving somewhere else and having to go through the hassle of parking again. It makes shopping that much more convenient and any time you can save your customers time, you're ahead of the competition. 7. Number of people who will see the store. Is it near busy streets and highways where a lot of people will drive by? Is there foot traffic? 8. Cost of the real estate, construction, and insurance. Is there existing infrastructure? 9. Zoning laws. Are they compatible with what you want to do or do you have to secure a variance? 10. Do you have adequate storage and room to unload supplies? How far are you from your primary vendors and how much is shipping? ]
Expert answered|newbre|Points 40|
Question
Asked 11/27/2012 9:41:15 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
20,453,326 questions answered
Popular Conversations
Solve 2x^2 + x - 6 = 0 User: Solve |4x - 8| User: Solve the ...
Weegy: 2x + 1 User: Solve |x| > 5 User: Solve 7x - 4 = 5x + 15 for x.
4/17/2015 9:42:20 AM| 3 Answers
Which of the following statements uses the commutative property of ...
Weegy: C.2 + (3 + 4) = 2 + (4 + 3) User: Simplify (12ab)(3t). Weegy: Answer is 36abt User: Simplify (4x) · mn · 15 ...
4/17/2015 10:33:35 AM| 3 Answers
5x 2 y and 7x y 2 are like terms. True False
Weegy: 7x + 5x = 12x User: Simplify -10x - 2x + 3x. -9x 9x 11x Weegy: -10x - 2x + 3x = -9x User: Simplify 5(x ...
4/17/2015 10:43:33 AM| 3 Answers
what is an antecedent
Weegy: In grammar, an antecedent is an expression (word, phrase, clause, etc.) that gives its meaning to a proform ...
4/17/2015 12:45:24 PM| 2 Answers
Which two superpowers engaged in an arms race during the cold war as ...
Weegy: Which two superpowers engaged in an arms race during the cold war as they competed with each other to acquire ...
4/17/2015 3:21:30 PM| 2 Answers
Weegy Stuff
S
L
Points 712 [Total 2289]| Ratings 1| Comments 702| Invitations 0|Offline
S
L
Points 605 [Total 1172]| Ratings 2| Comments 585| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
Points 217 [Total 8094]| Ratings 2| Comments 197| Invitations 0|Offline
S
Points 164 [Total 164]| Ratings 0| Comments 164| Invitations 0|Offline
S
L
1
R
Points 101 [Total 1173]| Ratings 1| Comments 91| Invitations 0|Offline
S
L
Points 101 [Total 3704]| Ratings 0| Comments 101| Invitations 0|Offline
S
1
L
L
Points 72 [Total 8066]| Ratings 0| Comments 72| Invitations 0|Offline
S
1
L
1
Points 43 [Total 3484]| Ratings 1| Comments 33| Invitations 0|Offline
S
Points 35 [Total 35]| Ratings 1| Comments 25| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 22| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.