14. Operational strategies: Location

Question 1

Optimal location

Answer 1

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

Question 2

Quantitive factors

Answer 2

These are measurable in financial terms and will have a direct impact on either the cost 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 or group that has an interest in the activities of a business.

Question 5

Multisite location

Answer 5

A business that operates in more than one location.

Question 6

Off-shoring

Answer 6

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

Question 7

Multinational

Answer 7

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

Question 8

Trade barriers

Answer 8

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