Essay on Central Business Districts

Business districts are very critical because of the following reasons; they lead to increased job opportunities, leads to increased sales revenue and taxes. They promote the preservation of unique cultures and environments, and they are readily accessibility concerning goods and services. They Promote business stability, increased bike, and pedestrian friendly communities and enhances the opportunity for entrepreneurs and small business to thrive.Last but not least, theyhelp in the capacitation of business retention and support services for legacy and existing business.

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Business districts are virtually made up of a large business arena. All variety of goods and services are available in the districts with each specializing in the selling and buying of unique products and services. Ideally, every business person has his price tags, but at most times the bargaining power is what determines the price of goods or services bought or sold. The business tends to grow as the population increases and thus translating to higher demands and supplies. They are found globally inclusively of all areas closer or nearer the city. They are precious assets acountrys economy as they provide considerable revenue to the government. When the people want to establish such businesses, they must acquire a license from the local authorities or municipality by paying some substantial amount of money.After that, they follow the periodic payments as stipulated by the rules and regulation of the given nation.

Hospitality is essential in the business districts. In this case, every business person will try as much as possible to treat his or her customers in a more I compelling and logical way to retain them.Otherwise, if they get treated recklessly, they stand a chance of losing them. Availability of restaurants and other amenities such entertainment and excitements facilities is also essential since it enables proper and adequate functionality in conjunction with the drastic development of the business districts. Additionally, the hostility of the people may ruin the prospects of business functionally. For a successful business to evolve, the following are the driving forces; proper security and safety, and the availability of a wide range of commodities. Decent roads for transportation and the distance of the sellers and buyers from the feeder roads to the main roads should be shorter. Competitions also must exist as it leads to quality services and products. Such aspects put together, they attribute an attractive and fruitful business district.

In conclusion, the following hypothesis can get inferred to the availability of attractive and profitable businesses; sophisticated infrastructure like the transport system, when is good the higher the rate of business growth.The more top the market competition, the better the hospitality provided to the customers. The higher the speed of population growth, the higher the demand and thus translates to the higher the supply. The safer and secure the security is, the higher the business thrives.

References

Horwood, E. M., & Boyce, R. R. (2002). Studies of the central business district and urban freeway development. Seattle: University of Washington Press.

Maitland TAFE Management Project Group. (2001). Central business districts versus regional shopping centers. Maitland, N.S.W.: Management Advanced Project Group 2.

Vance, M. A. (2005). Central business districts: Monographs. Monticello, IL: Vance Bibliographies.