GCSE OCR Business Studies A292 - Location

Question 1

A businesses choice of location can impact on their potential success?
True or False

Answer 1

True

Question 2

Name 5 factors that could affect a business’ choice of location

Answer 2

Infrastructure - roads and transport links
Size of population
Availability - of land to build or shops to rent/buy
Location of suppliers
Distance to market
Competition
Cost
Incentives / Grants
Climate - May be more or less important depending on the product

Question 3

What is a Regional Development Agency? (RDA)

Answer 3

A government agency set up to encourage business development in their given area

Question 4

Governments may give incentives to encourage businesses to locate in a certain area. What form/s can these incentives come in?

Answer 4

Grants
Promoting the area
Organising training for employees
Improving infrastructure
Creating industrial parks
Tax breaks

Question 5

Infrastructure is…

Answer 5

The name given to basic services needed by a business in order for it to operate effectively.
Such as: Roads, power supplies, telephone lines, water.

Question 6

A Greenfield site is?

Answer 6

An area which has not previously been built on.

Question 7

A Brownfield site is…

Answer 7

An area that was previously derelict or occupied by another industrial activity.

Question 8

A grant is?

Answer 8

A payment of money for a specific purpose which does not usually have to be paid back