ECON220 Lecture 2: Chapter 2 Notes
11 Jun 2017
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Distinguish among four methods of protecting intellectual property. Prepare the feasibility portion of a business plan. Stats can- city information or postal code, detailed or not. Transit time is important don"t want long waits need suppliers to set up right beside them. Online retail store would not need close proximity (ie downtown toronto not reasonable) Look at parking at peak hours and how well served area is especially if far from commuter roads and transit lines. Don"t always have to be better than competitors, just different. Discipline, perception of lower price, work-lie balance, no travel to office. Perception of lower quality zoning restrictions (residential problems) business insurance (different from home) family issues. Image is changing, more are working from home. % of sales- in addition to basic rent. Starting a business, if you only have short and business depends on location, landlord can $+++ If you do a long lease then you can sublet, 2 month notice etc.
