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.
25,616,117 questions answered
Popular Conversations
Cancer is a disease of ____________________
Weegy: Cancer is disease caused by an uncontrolled division of abnormal cells in a part of the body. User: ...
6/24/2016 3:16:51 AM| 3 Answers
The kingdom Animalia includes all of these except A. ...
Weegy: Sponge lacks nervous tissue. User: Many bivalves, like scallops, live in salt water. The scallop ...
6/24/2016 4:21:37 AM| 3 Answers
Is solar energy renewable?
Weegy: Solar energy is renewable energy.
6/24/2016 3:12:48 PM| 2 Answers
Crediting of sources can also protect you from being accused of ...
Weegy: True User: Plagiarism damages reputations and relationships. True False User: To be charged with plagiarism ...
6/24/2016 6:47:18 PM| 2 Answers
In which empire was St. Petersburg ...
6/24/2016 12:25:01 AM| 1 Answers
In which empire was St. Petersburg ...
6/24/2016 12:29:14 AM| 1 Answers
Which of the following is an example of an ...
Weegy: STOMACH is an organ of the digestive system. User: Which of the following is not a specialized tissue found ...
6/24/2016 1:21:36 AM| 1 Answers
Weegy Stuff
S
P
L
Points 836 [Total 1497] Ratings 2 Comments 816 Invitations 0 Offline
S
Points 337 [Total 698] Ratings 2 Comments 317 Invitations 0 Offline
S
L
P
P
P
Points 151 [Total 3694] Ratings 0 Comments 151 Invitations 0 Offline
S
Points 135 [Total 416] Ratings 0 Comments 135 Invitations 0 Offline
S
Points 127 [Total 179] Ratings 0 Comments 127 Invitations 0 Offline
S
P
1
Points 107 [Total 852] Ratings 3 Comments 57 Invitations 2 Offline
S
L
Points 68 [Total 4188] Ratings 0 Comments 68 Invitations 0 Offline
S
Points 40 [Total 50] Ratings 1 Comments 30 Invitations 0 Offline
S
Points 32 [Total 139] Ratings 0 Comments 32 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 29 [Total 12596] Ratings 0 Comments 29 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.