The location of a business can make an important difference to its success. Choosing the right location means taking into account a number of factors.
How is a business 'location' best described?
The place where customers buy products
The place where a business sites its operations
The place where suppliers send components
What can location decisions have a big impact on?
Costs and revenues
Which of these is NOT an advantage of an efficient transport network?
It enables staff to get to work easily
It allows supplies to be brought in from far afield
Increased time getting finished products moved to market
Which of these is a challenge a business faces when setting up a business overseas?
Greater control of your business activities overseas
Cultural and language barriers
Can provide a more personalised service to customers based locally
Which is an example of infrastructure?
What happens when a government gives a business a location grant?
It is repaid
It is repaid with interest
It need not be repaid
Which of the following is an example of relocation?
Moving production overseas
Extra investment in new machines
What is the most likely reason for relocating a factory overseas?
Reduce manufacturing costs
Reduce transport costs
To act ethically
What is a new shop in a city centre NOT likely to benefit from?
An established infrastructure
Availability of specialist support services
Where are restaurants most likely to locate?
In areas that are most convenient for owners
In areas that are most convenient for suppliers
In areas that are most convenient for customers