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
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
write 0.0053 as a percent
4/18/2014 4:31:03 PM| 7 Answers
One number is 7 more than twice another. If their difference is 22, ...
Weegy: One number is 9 more than twice another. If their difference is 22, what is the larger number? answer is 37. ...
4/18/2014 11:15:41 AM| 5 Answers
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
A letter that is mailed today will be delivered by 10:30 A.M. ...
Weegy: A letter that is mailed today will be delivered by 10:30 A.M. tomorrow. This is an C. adverb clause. User: ...
4/18/2014 5:43:32 PM| 4 Answers
genetic code
Weegy: Please ask your question about genetics. User: The Challenger was the first space shuttle.
4/18/2014 8:40:33 AM| 3 Answers
Find the excluded value of the rational expression 2x + 6 4x – 8 ...
Weegy: D. 2 User: Multiply. State the Excluded value 5/2a x 3/a^2 Weegy: B.15/2a^3 where a =0 User: Multiply. ...
4/18/2014 2:09:56 PM| 3 Answers
Nitrogen gas consists of _____. two separate nitrogen atoms a ...
Weegy: Nitrogen gas consist of diatomic nitrogen atom
4/18/2014 2:50:12 PM| 3 Answers
write 13.7 as a percent
4/18/2014 3:58:02 PM| 3 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1541 [Total 6928]| Ratings 0| Comments 1541| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1453 [Total 9334]| Ratings 0| Comments 1453| Invitations 0|Offline
S
1
L
1
L
P
Points 477 [Total 7154]| Ratings 1| Comments 467| Invitations 0|Online
S
L
Points 397 [Total 2844]| Ratings 2| Comments 367| Invitations 1|Offline
S
R
Points 170 [Total 282]| Ratings 5| Comments 100| Invitations 2|Offline
S
Points 160 [Total 576]| Ratings 0| Comments 160| Invitations 0|Offline
S
1
Points 153 [Total 483]| Ratings 3| Comments 123| Invitations 0|Online
S
Points 141 [Total 141]| Ratings 6| Comments 61| Invitations 2|Online
S
Points 133 [Total 777]| Ratings 1| Comments 123| Invitations 0|Offline
S
L
1
1
1
Points 99 [Total 3365]| Ratings 6| Comments 39| Invitations 0|Offline