Importance of location for business
...sy street, better near a working place or an education institution where people eat out frequently. Although there are other factors such as pricing, quality of foods that should be considered, they are all later issues after location. Not many people try to reach a restaurant with cheap food but very far from the city. Location is important in another sense for wholesale. Wholesale people often prefer a place which has very convenient high loaded transport e.g. nearby highways, harbors, train stations or airports so that goods can be easily exchanged. Big enterprises are willing to pay extremely high to get the places that they wants. Every big city has a commercial hub e.g. “Oxford Street” in London or “Orchard Street” in Singapore. Many companies pay a large amount to get a tiny place there because such locations really can make them thrive. Nowadays, the development of information technology seems to debase the role of location in business. Online marketing has become popular in developed countries. Customers can stay in US and visualize the catalogue of a shop in Japan; they can order and pay by credit card. The goods then can be delivered to US within 24 hours by a fast-delivering company. However, an enterprise can no...