Related Terms
A change in the physical location of a business. A business might relocate because of rising costs at the current facility, better tax breaks in a different location, changes in its target market, or for other reasons.

Use 'relocation' in a Sentence

After extensive debate over the possibility of relocation, our partners have agreed that the anticipated 15% increase in profit is enough reason to move our home office three miles north.
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The relocation of the plant was determined to be necessary by management as the cost of doing business was increasing.
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Once we were done with relocation, I think we would do better with business because we would be in a better area.
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