Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Factor Rating Method is a method that is used to find the most appropriate location for the business expansions. This method rate the locations by

Factor Rating Method is a method that is used to find the most appropriate location for the business expansions. This method rate the locations by considering the total weightage for each factor and a total effective weightage score is calculated for the selection of the most attractive location. All the important factors will be identified and after identification of the critical factors, a weightage score is given to all the critical factors. Further scores will be given to all the different factors. Then we will multiply the weightage score with the score given to critical factors. A location with the maximum weightage score will be the ideal location for the business expansion.
The factors that can matter for the location selection for Starbucks are given below:
The number of consumers
Location of store i.e. is it in the middle of the market or at a remote place
Distance from the nearby airport, railway station, or bus stand
Distance from famous monuments
Distance from natural mountains, or tourist attraction places
Is place affected by natural calamities
These factors will help in providing the best-suited location for business expansion strategies in Cape Town and KwaZulu Natal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Successful Time Management

Authors: Patrick Forsyth

4th Edition

0749475811, 978-0749475819

More Books

Students also viewed these General Management questions

Question

Use SWOT analysis to explain blueberries in Chinese market

Answered: 1 week ago