CH 12-UNIT 1-Factors impacting the location of business

Question 1

location

Answer 1

the geographic situation of a business

Question 2

1.Labour regulations

Answer 2

the laws & restrictions on how to employ, dismiss & treat workers

Question 3

2.Environmental factors

Answer 3

all restrictions & laws placed on certain areas in terms of what is allowed in a certain environment

Question 4

3.Transport

Answer 4

to get to work, transport raw materials to the business etc

Question 5

4.Infrastructure

Answer 5

networks, roads, water & electricity supply & sewage services

Question 6

5.Potential market

Answer 6

customers to whom your trying to sell your product or services

Question 7

6.Raw materials

Answer 7

proximity impacts the price, transportation & availability

Question 8

7.Labour market

Answer 8

includes workers & employees who work for the business

Question 9

8.Climate

Answer 9

changes pattern of rain, drought, snow & wind can affect certain businesses

Question 10

9.Government & local regulations

Answer 10

government uses policies & laws to regulate the location of businesses