Business Location Flashcards
1
Q
What is RECIPE
A
Raw Materials
Employment
Competitors
Infrastructure
Proximity
Finance
2
Q
What is SIC
A
Sales
Image
Costs
3
Q
What is Infrastructure
A
Transport links and allat (road, rail, air)
4
Q
Benefits of competitors
A
If youre near them then your image might go up, for example Clothes shops
5
Q
Why is employment useful
A
You can pay people in poorer parts of the country less money, lower costs
If you want high-skilled jobs then you can improve your sales
6
Q
What is ‘Proximity’
A
How close you are to your customers, doesnt affect online businesses as much as normal ones
7
Q
What is ‘Raw Materials’?
A
How close you are to your raw materials
8
Q
What is ‘Competitors’
A
How close you are to other businesses
9
Q
What is ‘finance’
A
Cheaper places that cost less rent will decrease costs
