14: Operational strategies: location

Question 1

Optimal location:

Answer 1

A business location that gives the best combination of quantitative and qualitative factors.

Question 2

Quantitative factors:

Answer 2

These are measurable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability.

Question 3

Qualitative factors:

Answer 3

Non-measurable factors that may influence business decisions.

Question 4

Stakeholder:

Answer 4

Any person of group that has an interest in the activities of a business, e.g. community, workers, suppliers, customers, government.

Question 5

Off-shoring:

Answer 5

The relocation of a business process done in one country to the same or another company in another country.

Question 6

Multinational:

Answer 6

A business with operations or productions bases in more than one country.

Question 7

Trade barriers:

Answer 7

Taxes (tariffs) or other limitations on the free international movement of goods and services.