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When Choosing a Location, a Small Business Owner Should Match

question 38

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When choosing a location, a small business owner should match the characteristics of the labor force her/his company requires with the characteristics of an area's available labor pool.


Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product in the most efficient and streamlined way.

Continuous Process

A production process that operates incessantly over a long period of time, allowing for the constant production of goods or delivery of services.

KPI

Key Performance Indicators, which are measurable values used to evaluate the success of an organization, employee, or process.

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