Business Location

Question 1

Factors that influence

Answer 1

Wage levels Transport costs Climate
Availability of premises Supply of labour
Access for staff and customers
Impact on business image Communication links
Availability of local services
Entrepreneurs lifestyle choice

Question 2

Why is selecting a location important

Answer 2

Cost
Sales
Image

Question 3

How has the internet changed business location

Answer 3

Increase in use of internet has forced businesses to reconsider the way they sell their products and services
Excellent opportunity for small and medium businesses to compete with larger more established competitors

Question 4

Benefits locating overseas

Answer 4

Cheaper labour
Access to resources that are not available in UK
Financial incentives from foreign governments
Avoid tariffs by actually operating there
Growing markets

Question 5

Costs of locating overseas

Answer 5

Different rules and regulations
Customers may have different taste
High costs from having to move
Negative publicity: taking jobs away