Question

Suppose you were working on a business plan for an upscale men's clothing store. What factors would you consider in selecting the physical location of the store? How much attention would you devote to this issue in your business plan?

Answer 1

The best location that gives me great access to both suppliers and my target market. They economic status of the environment or community. The traffic level, which could highly determine if the store is seen. I would devote a lot of attention, because of the type of store it is. If it was just a men's clothing store then I could cut back on the attention. Being that it's an upscale store, the location will play a huge role on the potential success.

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