Why is location important in business?
it tells you how well your business performance will beit can determine the success of the business e.g. if the business was based in the city centre where there will be lots of people haha dis is fuuniA business needs good footfall to ensure that they gain custom, and this is based on where the business is located. Footfall is the amount of people that will walk past the business. For example if a business is set in the middle of nowwhere with a low footfall, custom will be low. But if the business is located in a city where there are a lot of other business are located then the footfall will be high gaining more custom, which means higher rate of sales and eventually growing a bigger profit for the business.