1:5 Business Location Flashcards
1
Q
Explain the seven influences on the location of a business.
A
- Proximity to raw materials: Materials are heavy therefore it makes economic sense to have it close to the source of the materials.
- Proximity to markets: For shops being in a busy location is good.
- Availability/Price of land: How central the site is, where it’s situated, competition and availability.
- Government Influences: Areas may have unemployment issues, the government may run schemes, e.g., Provide factories at reduced rates, organise trade fairs.
- Communication
- Transport Infrastructure
