Eight Location Factors Flashcards

1
Q

Explain Resourse Materials

A

Things that the factory needs to make products

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2
Q

Name the eight location factors

A
Resource materials
Markets
Transport
Labour
Services
Capital
Government EU policy
Preference of owner / locals
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3
Q

Explain Capital

A

Capital is the money a company needs to set up

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4
Q

Explain Markets

A

This is where companies can sell there products

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5
Q

Explain Transport

A

Companies will locate closer to sources to reduce transport cost; Planes Ports Cars Vans etc.

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6
Q

Explain Preference of locals and owners

A

Sometimes

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