4.5 Business Location Flashcards
1
Q
What does Location mean?
A
Refers to the place where a business is sited.
2
Q
What influences the Location of a Business?
A
Costs of the site.
Transport infrastructure.
Proximity to raw materials.
Proximity to labour.
Proximity to customers.
Target market.
Competition.
3
Q
What does Proximity mean?
A
Means ‘nearness to’.
4
Q
What does Labour mean?
A
The people employed by the business to produce goods and services.
5
Q
What are Raw Materials?
A
Materials needed to produce saleable goods and services.
6
Q
What is Transport Infrastructure?
A
The provison of roads, railways, ports and airports.
