The environment has a great influence on the type of business Set in each h environment.
Before a business is set up you must study the environment carefully to avoid discouragement and business failure.
Each environment is peculiar to each business that suits the environment.
They are many things to be considered within an environment when setting up a business. I will discuss some of these factors to be considered.
Population (number of people residing in the environment) we must try to know the number of people in the environment before we set up a business.
Let take an example of a trader who buys and resells fast food that can expire within one to two weeks must try to know the number of people in the area where he or she is. want to sell fast food. When the trader is buying to resell in an area with limited or low population size, such a trader must not buy in large quantity but in small quantity to avoid loss.
The population size of a region or community has a great influence on business settings and business type.
Let me also include Religion, the religion of people residing in an area may also influence the type of business that we suitable for the environment. The religion which the people practice may determine what they buy, eat, or were in the region, so this must also be put into consideration when studying the business environment.
Mobility(good road). you have to consider mobility, how you can convey your proposed business goods to the area. When there is no mobility your business will be limited.
A good road is one of the greatest challenges that are limit business settings in some areas.
Let's take an example of transporting fragile goods to a particular area if the road is bad we will have losses.
It is good to put the environment into consideration before settling up any business. Don't just run into any business but try to make an adequate study of the environment before setting it up.
Thank you for reading my post.