Location is also self explanatory. This has to do a lot with marketing also. The location of your business can determine the amount of business you receive very easily. If your a service business if would be wise to locate your business near a residential are so customers can easily access your services. If your a production plant it might be wiser to select an area outside of town so you can get cheaper land prices.
Location plays an important role in survival so locate wisely.
Design and Process Selection deals with what your product should look like and how should you produce it. Design must be selected by whoever is developing the product. You have to think of effective ways you can market your product with the design that you choose. Once you have a design you must decide how you will produce the product. Selecting one deals with what type of product you have and the quantity that you want produced.