Identify and discuss 5 major factors which a large service firm operating in your country needs to consider in order to formulate a potentially successful location decision.
...in areas which are accessible to people. The ease of transport can be important in a firm’s location decision. Access to main roads can be important. Also by reducing travel time, highways may encourage firms to locate their premises in areas which might have been regarded as remote from markets or costly in terms of transport. When choosing where to locate their premises, firms need to select the ‘right’ piece of land. When deciding an appropriate piece of land, firms are likely to take into account factors such as the cost relative to other potential sites. A firm must compare purchase prices of alternative sites, consider whether or not renting would be more cost effective and compare the level of business rates in each location. The amount of space available to suit the business’ needs also must be taken into consideration. For example, Price Smart, a bargain retail/wholesale store requires a lot of space for storage and parking. The availability of planning permission is important as well. This is particularly important if a firm is going to change the use of some land or premises, or construct new buildings. Local authorities will not always grant planning permission allowing land development. Good infrastructure, that is, facilities such as good road links, appropriate waste disposal facilities and other p...