3.3 WHY IS MANUFACTURING ALL ABOUT CHOOSING THE RIGHT SITE? Flashcards

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1
Q

Five factors fro finding the right site for a factory

A
  1. Cost
  2. Capacity of workforce
  3. Capability of the region (location)
  4. Culture of the region
  5. Customers
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2
Q

Cost

A
  • Cost of buying
    E.g. Office equipment, taxes, wages, training, buying or leasing land
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3
Q

Capacity of workforce

A
  • Availability of labour with the right skill
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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)
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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
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6
Q

Customers

A
  • To be close to the markets for the product is essential.
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