Business Location (ME)

Question 1

What factors would a business consider when locating?

Answer 1

• population density
• what type of people live there e.g. age, class etc
• work force skill
• proximity to infrastructure (travel)
• personal reasons (e.g. where they live)
• target market
• supplier location
• government incentives

Question 2

How does the government affect where businesses locate?

Answer 2

the government creates enterprise zones to create jobs, reduce crime, and re-develop certain areas
- can mean enhanced capital allowances (tax relief)
- automatic planning permission in certain areas
- up to 100% business rate discount worth up to £275,000 per business over a 5 year period