For businesses that target consumers and have a physical loc

For businesses that target consumers and have a physical location, what are 3 key criteria to be considered?

For businesses that target consumers and have only an online location, what are 3 key criteria to be considered?

For businesses that target other businesses and have a physical location, what are 3 key criteria to be considered?

Solution

for the first one the three factors we need to be considers as: the total population of the area, how many people can be turns as our potential cutomers and how many people can afford to buy or consume or looking for similar product our product. and we also should consider, is there any one existing player or competitor offering the similar products.

for the customers who are online customers: how many people are having the habbit of online purchasing, how frequently they are purchasing and what is amount of money they are spending for online purchase in a given period.

for the third one: we need to consideres the total market share of the industry, and individually each player share in the market and what will be our potentiality in the market.