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Which factor may be most important while selecting a suitable business location?

Answer and explanation

Correct answer: Customer access, cost and required facilities

A suitable location should make it reasonably easy for target customers to reach the business, while also keeping operating costs manageable and providing necessary facilities such as transport, electricity, water, or storage. Therefore, option B combines the main practical considerations. The colour of a building, the direction of the owner's home, and competitors' personal preferences do not by themselves determine whether a location will support the business.

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Business-LocationCustomer-AccessCostIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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