(8) Decisions on location Flashcards
1
Q
What are the factors that affect the decisions on location?
A
- Proximity to the market
- Proximity to labor
- Proximity to materials
- Proximity to competitors
2
Q
How does e-commerce help entrepreneurs?
A
It gives them a more flexibility in terms of the locations.
3
Q
Why may governments try to influence location decisions?
A
- To avoid congestion
- Minimise the impact businesses may have on local community.
- To encourage manufacturers to locate in areas where unemployment is high.
- To attract foreign manufacturers into the country.
4
Q
What is a trade bloc?
A
A group of countries that join together to enjoy free trade.
