Eight Location Factors Flashcards
1
Q
Explain Resourse Materials
A
Things that the factory needs to make products
2
Q
Name the eight location factors
A
Resource materials Markets Transport Labour Services Capital Government EU policy Preference of owner / locals
3
Q
Explain Capital
A
Capital is the money a company needs to set up
4
Q
Explain Markets
A
This is where companies can sell there products
5
Q
Explain Transport
A
Companies will locate closer to sources to reduce transport cost; Planes Ports Cars Vans etc.
6
Q
Explain Preference of locals and owners
A
Sometimes