Commercial geography is important for industrialists to understand where to locate their businesses, source materials and staff, and find new markets. It provides essential information about suitable locations that meet needs and standards, where to recruit competent workers with certain skills, and how to acquire needed raw materials. Understanding commercial geography also helps industrialists learn about demand for their products in different regions, and the cultures, values and languages, which supports expanding business and acquiring labor internationally.
Original Description:
importance
Original Title
impratnce of commercail geography for a industrialist
Commercial geography is important for industrialists to understand where to locate their businesses, source materials and staff, and find new markets. It provides essential information about suitable locations that meet needs and standards, where to recruit competent workers with certain skills, and how to acquire needed raw materials. Understanding commercial geography also helps industrialists learn about demand for their products in different regions, and the cultures, values and languages, which supports expanding business and acquiring labor internationally.
Commercial geography is important for industrialists to understand where to locate their businesses, source materials and staff, and find new markets. It provides essential information about suitable locations that meet needs and standards, where to recruit competent workers with certain skills, and how to acquire needed raw materials. Understanding commercial geography also helps industrialists learn about demand for their products in different regions, and the cultures, values and languages, which supports expanding business and acquiring labor internationally.
Q1: Describe importance of commercialgeography for an
industrialist. A: IMPORTANCE OF COMMMERCIAL GEOGRAPHY FOR AN INDUSTRIALIST:Commercial geography refers to the location where the different branches of trade and commerce are located. Today if one wants to establish a remarkable reputation for his firm, business he must learnt the geographical places suitated for production,storing for exporting and importing and marketing
1. LOCATION: Where a person is starting a firm he needs to be aware
about different locations and their intermational standards, so that he can choose best suitable loaction meeting in his needs and demands.
2. STAFF: In order to recurit the suitable staff or workers, one has to
tarvel alot and even abroad to get its comptent workers. Certain countries are specialized with certain skills. With the help of commercial geography he saves his time in travelling alot.
3. RAW MATERIAL: With the help of commercial geography, the
industrialist can accquire the suitable raw material needed for his production.
4. NEW MARKET: Commercial geography helps an industrialist in finding
about people's needs and where his product is demanded so he can provide it and expand bussines.
5. LANGUAGE AND VALUES: Commercial geography helps an
industrialist understand the culture, values and languages of different regions of the world which helps him if he expands his business and also helps in acquiring labour.