Question

In: Operations Management

explain why it's hard for people to be made to sell their business or homes for...

explain why it's hard for people to be made to sell their business or homes for the area they live in to grow and prosper?

Solutions

Expert Solution

Home and Business are among the two important aspects of a human life and they become more important when they are hard earned and there are memories attached to them. So it becomes hard to sell or rip off from the business and homes where the people have prospered and grown over the years.

Below are some reasons which makes hard for the people to sell their business and homes where they've grown and prospered.

Sense of security

People develop a sense of security by living at a place over the years which makes them hard to sell or get apart from their home because they fear the loss of security.

Emotional attachment

Emotional attachment is also a important factor because people have various emotional memories attached to their home and business. Like some people have the memories of their childhood at their home or they have the memory of initial phase of the business.

Identity

By operating a successful business over the years helps people in gaining recognition in the market similarly by living over a place or at home gives some identity to people so it creates a fear of loss of identity attached to their home and business when it comes to selling them off.

Economic Factors

There are certain economic factors which are also attached to a home and business which prevents and makes them hard to sell off their home and business.

Social Factors

Social factors also plays a important role which prevents people from selling their homes and business because people are socially attached to their homes and business.


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