With increased income, consumer behavior has been changed and also consumers want has been increased.
This change in the market has fit the style of convenience store business.
The purpose of this study is to investigate the way of selecting locatio...
With increased income, consumer behavior has been changed and also consumers want has been increased.
This change in the market has fit the style of convenience store business.
The purpose of this study is to investigate the way of selecting location for a CVS.
The sequence of the location selection influences company's performance for a long time, the selection problem is the most important decision to the distribution business.
Especially, in the case of commercial stores, we should include the analysis on the hinterland in the location selection process.
The analysis on the good will should be needed to examine in overall survey for the new store as well as the characteristic of regional residents. Also, the analysis on the hinterland is very important background of the business success.
As this study carrys out, the useful data for the decision making in retail business have been detected.
My reseach has found that numbers of CVSs have already closed their business due to wrong location.
Finally, the reseach suggests that CVSs have to define the optimal criterion in terms of size and items, as follows :
The size of 25-30Pyung, and the number of items in between 2,500-3,000 are most desirable. Intersections in which a general hospital, huge building are located will be the best location for CVS.
Conclusively, the CVS's ownership should be centered to each individuals who are willing to run the business rather than haying direct managerial controls and ownerships over the CVS fly franchiser.