3.3 WHY IS MANUFACTURING ALL ABOUT CHOOSING THE RIGHT SITE? Flashcards
1
Q
Five factors fro finding the right site for a factory
A
- Cost
- Capacity of workforce
- Capability of the region (location)
- Culture of the region
- Customers
2
Q
Cost
A
- Cost of buying
E.g. Office equipment, taxes, wages, training, buying or leasing land
3
Q
Capacity of workforce
A
- Availability of labour with the right skill
4
Q
Capability of the region
A
- Ideally, raw materials for the industry can be found here
- Good and reliable road and rail networks (transportation purposes)
5
Q
Culture of the region
A
- Ability of the location to attract a talent workforce
- Government policies support the development of the industry and quality of life of the region, including standard of living, schools
6
Q
Customers
A
- To be close to the markets for the product is essential.