Business location and sites

Question 1

What is location?

Answer 1

A geographical are where businesses may be found

Question 2

What factors affect location?

Answer 2

• How close they are to the market
• How close they are to raw materials
• Where will costs be at their lowest
• What is the state of the infrastructure
• How close they are to the labour supply

Question 3

What is site?

Answer 3

A specific place within a geographical area

Question 4

What factors affect site?

Answer 4

• The accessibility of the site
• The amount of footfall
• The cost of buying or renting a site
• The proximity or closeness to competitors
• The size of the site for present use and possibility of expansions
• Personal reasons such as family considerations