Business location and site Flashcards
1
Q
Why is location important?
A
Costs - rent may be cheaper
Sales - may increase in particular areas
Reputation/ image - the product may sell better in a certain area as it is favoured.
2
Q
Factors influencing a business location:
A
The type of business
The proximity to the market
Competitors
Availability of raw materials
Cost of labour
Infrastructure
Technology
Costs
Government support
3
Q
Factors affecting the choice of a specific site:
A
Footfall - how many people walk past
The ease of access to a particular location
Costs
Personal reasons
Proximity or closeness to customer
