What are the factors which influence the selection of site of an enterprise? Explain the procedure for making location decisions.

The selection of a suitable site is a critical decision in the establishment of a business enterprise. The site chosen for the enterprise will have a considerable impact on its success or failure. There are several factors to consider when selecting a site for a business enterprise, including the availability of raw materials, transportation facilities, labor, power, water supply, and communication facilities, among others. In this article, we will discuss the factors that influence the selection of a site and the procedure for making location decisions.

Factors Influencing the Selection of a Site:

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