1.6 Business Location Flashcards
1
Q
What factors would a business consider when selecting a location?
A
Transport, Cost and Availability of Labour, Proximity to the Market, Government Opportunities, Cost of Premises
2
Q
Why should a business consider transport when selecting location?
A
To make it easier for distributors, and suppliers and employees
3
Q
Why should a business consider cost of premises when selecting location?
A
To minimise property costs
4
Q
Why should a business consider cost and availability of labour when selecting location?
A
Wage rates and labour skills may vary in different regions so businesses will want to locate in a region where labour is cheap and labour skills are high
4
Q
A
