Explain Need or Importance of Location Planning

Importance of location planning
Location planning decisions are very important for all types of business units. This is because it affects the cost, selling price, and demand of the product. It is a non-recurring heavy expenditure. Large companies take the help of different professionals like lawyers, accountants, environmentalist, etc. for selecting the proper location of plant.Following image

Comments

Post a Comment

Popular posts from this blog

What is Marketing Audit? Definition Meaning

Definition of Marketing Audit The definition of marketing audit as stated by Abe Schuchman is as follows:“Marketing audit is a systematic, critical and impartial review and appraisal of the total marketing operation: of the basic objectives and polices and the assumptions which underlie them as well as the methods, procedures, personnel and organization employed to implement the policies and
Read more

Objectives of Marketing Research - Purposes

Objectives of Marketing Research The main objective of marketing research (MR) is to provide information to the marketing manager. The marketing manager uses this information to make marketing decision and to solve marketing problems.The purposes or objectives of marketing research are listed below.Identify the consumer response to the company’s product. Know the consumers’ needs and
Read more

Classification of Performance Dimensions - Quantity Quality

Classification of Performance Dimensions A dimension is a measurable extent of any kind. It is usually measured in terms of various extends like shape, size, quality and quantity.The performance dimensions can be classified into following:Quantity - which is the primary dimension of performance. Quality - which is the secondary dimension of performance.Image below depicts this classification of
Read more