business location.

Question 1

how does cost affect where a business locates?

Answer 1

-buying or renting premise
-target market
-a small business faces a number of costs that it will try to reduce
-labour costs

Question 2

how will infrastructure affect business location?

Answer 2

-transport links like roads, railway airports
-communication links and local services
-if customers find it difficult to access they will go elsewhere
-selling goods around the country or even abroad will need good distribution networks

Question 3

what is the market?

Answer 3

its where buyers and sellers come together to exchange goods or services.

Question 4

how does technology affect a businesses location?

Answer 4

-businesses can chose a virtual location where trade happens in a virtual market>on the internet
-can communicate from home

Question 5

what are qualitative factors?

Answer 5

-based on personal desires and needs of the owner
-attractiveness
-crime levels
-school standards
-family and friends