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N5 BUSINESS
Management of marketing
place
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Created by
ella mackechnie
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Cards (6)
Resources
Businesses need to make sure they can
access
the
resources
they
need
labour
need to consider
availability
of
staff
nearby to
employ
footfall
how many
people
will pass by
more
people going
past
then
more
people that will
come
to your business
finances
need to think about
costs
of
property
, wages and
transport
exclusivity
Locating somewhere with no or few
competitors
gives them
exclusivity
and can charge
higher
prices
infrastructure
reliable
water
and
electricity
supply , good
internet
access and
transport
links