Locating The Business Flashcards
0
Q
Technology
A
- allows people to work at home
- allows people to stay in contact while travelling.
- lack of overheads
- flexible
1
Q
Factors influencing location of business.
A
Technology Factors of production(costs) Infrastructure Market Qualitative factors Govt intervention
2
Q
Factors of production
A
Land cost- (rent) represent large percentage of total costs
Labour costs- skilled and efficient labour force compensates for these costs.
Transport costs
Suppliers
3
Q
Infrastructure
A
Network of utilities, transport links, sewerage or telecommunication systems
4
Q
Market
A
Most important
Footfall- no. Of potential customers passing shop
5
Q
Locating small businesses
A
- demographic, local population match target market?
- economic wealth
- footfall
- council policies
