1.5 - Business Location Flashcards
1
Q
What are protectionist measures?
A
Policies that governments use to protect their own businesses against foreign competition.
2
Q
What is a tarrif?
A
A tax on foreign goods imported into a country
3
Q
What are imports?
A
Goods and services purchased from overseas by consumers of businesses.
4
Q
What is a quota?
A
A limit on the number of foreign goods imported into a country.
5
Q
Why is location important?
A
- Costs (rent)
- Sales (access to customers)
- Image (fashion from Birmingham = rubbish)
