Question

An entrepreneur wants to build a new theme park. Which characteristic should he consider in selecting a new location

Answer 1

Answer:

When the enterpreneur wants to build a new theme park, the necessary characterstics to select a new location are:

• Accessibility and parking
• Competition
• Business rates & Skill base in area

• Zoning or Permit issues

Explanation:

For building new theme park, the eneterprenuer must look for the following characterstics before selecting the location:

• The location must have wide area for parking vehicles in easy way; and the location must be such which can be easily accessible by the public from the nearby locations also.
• The new location must have no or less competitors, as for a theme park the location must be isolated and not along with other theme parks, this will clash the customers choice, and this may divert the customers at the time of visit.
• A theme park need acres of land for its building, thus such an location must be selected whixh has lower or cheaper business rates and skill base of that location so that the enterprenur xcan save this cost.
• The problem of zoning or permit issue is high in case of theme park because the theme parks needs to take care of customers security and safety, and even need to care about the emergency cases which must be attended easily. Permit issues in relation to the parking, risky activities and many more.