1.5 - business location Flashcards
1
Q
why location is important - costs
A
an amount paid for rent
2
Q
why location is important- sales
A
location may affect whether you can get customers
3
Q
why location is important- image
A
some products need to be produced or located in a particular location
4
Q
factors influencing location - 7
A
- type of business
- the proximity to the market
- competitors
- transport links
- availability and cost of labour
- technology
- costs
5
Q
advantage of locating overseas - 3
A
- cheap labour
- access to different resources
- some abroad governments offer tax cuts
6
Q
disadvantages of locating overseas - 2
A
- different rules and regulations
- customers may have different tastes
7
Q
protectionist measures
A
policies that government use to protect their own business against foreign competition
8
Q
tariff
A
a tax on foreign goods imported into a country
9
Q
imports
A
goods and services purchased from overseas by consumers of businesses
