If a competitors business is already in a current location then customers will go there. This means that customers will be interested in purchasing a good that the company sells and it gives them a chance, if they are better than their competitors, to show how the customers will get better quality products from their business. Dani
the customers find it convenient if similar businesses are together...if they are looking for electricals then they would go to a place with more than one electricals store to save on time and petrol and money in general as there could be differen prices in deifferent stores.
it gives you more of a variety of products to choose from.
if the better company moves in and competes with the smaller one..you can become even more profitable as they can't keep up with you.
some business locate next to others so that it will make it easierr for customers to go there if they have other shops near them so they do them all at once. another reason is that they maye think they are better than there competitor and think they can steal all the competitors cusotomers. and dunkno a nother reason m8 PEACE!! XD
They can potentially attract extra customers that have visited that area for other reasons. They can do this by putting on special offers, selling good quality products and just overall being better than the shop that the customer origonally set out to go to. Tim Taylor
Businesses probrably would choose to locate by other business so that it will make it easier for customers to go there if there are other places near them. As you probrably wouldnt randomly go somewhere if you werent planning to unless it was near oher shops. Allso they'd go to the same area as ther shops where they would look for the same/similar type of product. Hollie brewer :)
They choose to locate near to competitors because: -they can drawn customers in on mass -persuades customers to make the journey if there are multiple stores -keep advertising and promotion up (you know what the competitors are doing)
to try to be better than thier competiters which will increase competition
they will sell similar products to try to pull from one shop to another e.g if one dosen't like one shop they can go to another shop to see if things are better there
Sophie Turner - Some businesses choose to locate near their competitors because: - It encourages people to travel to the store if there are several shops in the area e.g. Farnborough Gate - It encourages friendly competition in trying to give customers the best deal, also it helps businesses to track their competition - It coul be that they require the same supplies making it easier for deliveries
They locate near eachother so then the business can show how their prices are lower or they can do competitor pricing and see what there competitor prices are and make theirs lower, they can also offer incentives to attract the customer to their shop and not their competitors. Dan
Because some customers will compare prices of different products, they are making it easier for customers if they locate closely together, customers are going to get a variety of products to choose from.
companies may locate their stores near to their competitors as they are then able to attract customers who have visited the other stores by offering better offers on their products. for example, an branch of electronics store 'currys' may locate to a business park with a 'comet' as they could then entice customers who have visited the neighbouring store.
Some businesses locate near each other because they can attract a large number of customers who are attracted to the other shops and want to look round their shop aswell. Customers are more likely to travel to a place with lots of choice rather than just one store.
Not many people would go to visit one shop so if there are various shops selling a similar product or service then there will be a wider range of customers visiting them, and once a customer has been into one shop, they are likely to visit another located in a close proximatey to see if they can find better deals.
This is so they can use eachothers customers,It is easier for businesses to keep track of their competitors prices and people are more likely to travel to an area of shops rather than 1 particular shop.
- so that they can compete with the similar companies in the same area - it is easier for customers to go to a place with similar shops selling similar things
1) they can show that their prices are better than the other competitors 2) there will be more customers because more people will go somewhere where there is a lot of shops. liam
One reason for similar businesses being located in a similar area is that it may make it cheaper for suppliers as they will be delivering similar products and therefore don't need to make as many journeys; saving money on petrol. Another reason why they may locate near each other is that custoemrs may not wish to make two trips to go to a shop so being near a competitor means a customer may go to your shop.
Because they can attract customers to buy products that they would have bought in the neighboring stores with lower prices. There will always be a large customer base as they will already be there from the previous shop. And they will be the stores target market because the other store is similar. Mark pR_I_CE
If a competitors business is already in a current location then customers will go there. This means that customers will be interested in purchasing a good that the company sells and it gives them a chance, if they are better than their competitors, to show how the customers will get better quality products from their business.
ReplyDeleteDani
the customers find it convenient if similar businesses are together...if they are looking for electricals then they would go to a place with more than one electricals store to save on time and petrol and money in general as there could be differen prices in deifferent stores.
ReplyDeleteit gives you more of a variety of products to choose from.
if the better company moves in and competes with the smaller one..you can become even more profitable as they can't keep up with you.
one reason is that it will be in the same area as other shops where people go to look for the same products. ej
ReplyDeletesome business locate next to others so that it will make it easierr for customers to go there if they have other shops near them so they do them all at once. another reason is that they maye think they are better than there competitor and think they can steal all the competitors cusotomers. and dunkno a nother reason m8
ReplyDeletePEACE!! XD
Olie Manser:
ReplyDeleteBusineses choose to be by other businesses so ther can provide better offers than the rival business and show that they are better than there rival.
tyánni; it can attract customers who are in the same target market
ReplyDeleteThey can potentially attract extra customers that have visited that area for other reasons. They can do this by putting on special offers, selling good quality products and just overall being better than the shop that the customer origonally set out to go to. Tim Taylor
ReplyDeleteBusinesses probrably would choose to locate by other business so that it will make it easier for customers to go there if there are other places near them. As you probrably wouldnt randomly go somewhere if you werent planning to unless it was near oher shops. Allso they'd go to the same area as ther shops where they would look for the same/similar type of product.
ReplyDeleteHollie brewer :)
Holly Lawson Says:
ReplyDeleteThey choose to locate near to competitors because:
-they can drawn customers in on mass
-persuades customers to make the journey if there are multiple stores
-keep advertising and promotion up (you know what the competitors are doing)
to try to be better than thier competiters which will increase competition
ReplyDeletethey will sell similar products to try to pull from one shop to another e.g if one dosen't like one shop they can go to another shop to see if things are better there
gianni
1. sporting competition
ReplyDelete2. location advantages
3. local peoples intrests.
tom common
Sophie Turner - Some businesses choose to locate near their competitors because:
ReplyDelete- It encourages people to travel to the store if there are several shops in the area e.g. Farnborough Gate
- It encourages friendly competition in trying to give customers the best deal, also it helps businesses to track their competition
- It coul be that they require the same supplies making it easier for deliveries
They locate near eachother so then the business can show how their prices are lower or they can do competitor pricing and see what there competitor prices are and make theirs lower, they can also offer incentives to attract the customer to their shop and not their competitors.
ReplyDeleteDan
business locate near competitors because they might have similar products, to try and be better than there competitors
ReplyDeletedan gold
Tommy:
ReplyDeleteBecause some customers will compare prices of different products, they are making it easier for customers if they locate closely together, customers are going to get a variety of products to choose from.
companies may locate their stores near to their competitors as they are then able to attract customers who have visited the other stores by offering better offers on their products. for example, an branch of electronics store 'currys' may locate to a business park with a 'comet' as they could then entice customers who have visited the neighbouring store.
ReplyDeleteCharlie Copoer
Some businesses locate near each other because they can attract a large number of customers who are attracted to the other shops and want to look round their shop aswell. Customers are more likely to travel to a place with lots of choice rather than just one store.
ReplyDeleteChris
Natasha Ewart-Jones
ReplyDeleteNot many people would go to visit one shop so if there are various shops selling a similar product or service then there will be a wider range of customers visiting them, and once a customer has been into one shop, they are likely to visit another located in a close proximatey to see if they can find better deals.
Charlotte Mills
ReplyDeleteThis is so they can use eachothers customers,It is easier for businesses to keep track of their competitors prices and people are more likely to travel to an area of shops rather than 1 particular shop.
- so that they can compete with the similar companies in the same area
ReplyDelete- it is easier for customers to go to a place with similar shops selling similar things
izzi gray
1) they can show that their prices are better than the other competitors
ReplyDelete2) there will be more customers because more people will go somewhere where there is a lot of shops.
liam
One reason for similar businesses being located in a similar area is that it may make it cheaper for suppliers as they will be delivering similar products and therefore don't need to make as many journeys; saving money on petrol. Another reason why they may locate near each other is that custoemrs may not wish to make two trips to go to a shop so being near a competitor means a customer may go to your shop.
ReplyDeleteMattttttttt
Because they can attract customers to buy products that they would have bought in the neighboring stores with lower prices. There will always be a large customer base as they will already be there from the previous shop. And they will be the stores target market because the other store is similar.
ReplyDeleteMark pR_I_CE