The impact of the internet on location decisions

• What must business owners consider when choosing a location?

  Type of business and proximity to customers
• What is e-commerce?

  Transactions that take place through the internet
• What is m-commerce?

  Transactions using mobile technologies
• How do e-commerce and m-commerce affect business location choices?

  They allow businesses to choose cheaper locations
• What is a common example of a business that operates online?

  Clothing companies
• Why do many new small businesses focus on e-commerce and m-commerce?

  To keep their costs low
• What are the main benefits of e-commerce and m-commerce?

  • Lower costs
  • Flexible working hours
  • Access to a larger market
  • Open 24/7
  • Low-cost marketing and promotion
• What is the definition of a courier?

  A business that transports goods for payment
• What is a common practice for businesses with both online and fixed retail premises?

  They operate in retail industries like clothing
• How do e-commerce and m-commerce change traditional business models?

  They reduce the need for physical locations
• If a business wants to operate 24/7, which model should they consider?

  E-commerce or m-commerce
• What is the role of couriers in e-commerce?

  To deliver items to customers
• What is a key advantage of flexible working hours in e-commerce?

  It allows businesses to adapt to customer needs
• How does access to a larger market benefit businesses?

  It increases potential customer base
• What impact does the internet have on location decisions for businesses?

  It allows for more flexible location choices