CONSIDERABLE FAVORABLE INDICATORS FOR DOING BUSINESS IN THE PARTICULAR AREA
Feasibility study is probably one of the most used phrases in businesses. The one that we can consider as favorable indicators for doing business in a particular locality are the power and water supply, good road connections. The location must be closer to the target customers so that there is a greater chance that the customer will buy again. It is important that the business location is near the target customer group. It is important that there is a good infrastructure. The location should have a good proximity to suppliers is also important for it is the key in minimizing logistics costs. The closer the products are to the customers, the higher the market value. Therefore it is important to consider a location of the business from planning future expansions, relocating to newer offices, or opening new shops should be in the right location.
What is feasibility analysis?
- A feasibility analysis is utilized to decide the suitability of a thought, for example, guaranteeing a task is lawfully and in fact practical just as financially legitimate.
meaning of feasibility : brainly.ph/question/742850
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