Suitable city to situate an office
From the statistics of the cities, Athens is the most suitable city to situate an office because, from the analysis, the average of the aspects in consideration ranges the lowest. From the data collected, Athens has lower rent than any other city. The only commodity that is expensive in the city in comparison with the others is coffee. Athens is the first choice city before two others that rank second and third in the average of the data collected.
The second choice is Warsaw, the rent of a room higher than that of Athens, but the other considerable commodities are lower. The cost living index of Warsaw is the second-lowest after Mumbai; this is another advantage to putting up an office there. Mumbai has the most economical cost of living; this means apart from the commodities put into consideration during the survey, the price of other commodities is low, too, in comparison to the other cities in the analysis. The cost of the rest of a room high, but transport, milk, and coffee prices are lower than the other cities.
In the selection of a suitable city to start a branch, a company has to consider more than just the availability of customers. The living cost index has a significant role to play; rent might be cheaper, but the underlying commodities are too expensive; this, in turn, will make the salary demand of any employee too high, and this will limit the profit expected by the organization. Athens the lowest rent, but the cost of living is close to double that of Mumbai. Warsaw lies in between Athens and Mumbai statistically, but in my view, it is the most suitable city to start a branch. The living standards favor an upcoming office.
From the statistical data, the average of the mean of the cities lies below that of New York City. The city with the best potential is the one that its statistics lie close to the average of all the cities. The more suitable one is that it is higher than the average of the cities. From the data, Rome becomes the city with the most significant potential to uplift the rise of the company. The living cost, rent, and milk cost are slightly higher than the mean; the rest of the commodities are of lower cost than the mean.
An executive summary is a brief description of a larger document or proposal. It gives crucial information about the subject in the document to the individuals who do not intend to read the entire are document. Based on the statistics, Sydney, Tokyo, and Paris lie in the upper quintile range in relation to the cost of living. The three cities are lower in the cost of living than New York City, but they are the highest three in the statistics.
Rome has the median rent whereas Mumbai, Madrid, Athens, Tokyo, Brussels, Warsaw, and Prague, lie below the median rent cost. The cities may have higher values than the median in other aspects put into consideration during the survey. The median value does not play a role in the selection of a suitable city to establish a branch of the company.