2F Business Locations

Business Locations

The physical or non - physical place that a business operates from

Shopping Centres

Brings together many stores in one place, making them convenient shopping destinations.

Strengths of Shopping Centres

Businesses gain more visibility due to shopping centre’s popularity. High foot traffic attracts more customers and boosts sales

Weaknesses of Shopping Centres

More competition due to nearby stores. Fixed operating hours limit business flexibility

Shopping Strip

A row of shops along a street, offering a variety of business in a walkable area

Strengths of Shopping Strip

Less competition with fewer nearby stores. Local customers are more likely to regularly visit boosting loyalty

Weaknesses Shopping Strip

Customers may only visit for specific purchases. Less foot traffic due to fewer parking and facilities

Home business

Operates from an individuals home

Strengths of Home business

Flexible working hours

Weaknesses of Home business

Less visibility since business is in a residential area. Privacy concern id customers pass through the home to reach business

Online business

Uses the internet to advertise and sell goods/services

Strengths of Online business

Larger customer base, Customers can buy anytime and anywhere, Easy online advertising through social media and other platforms

Weaknesses of Online business

High competition from many online businesses worldwide, No physical presence, need for frequent advertising, Customers can’t physically see or try products before buying.