Location Flashcards
1
Q
What is optimal location?
A
a business location that gives the best
combination of quantitative and qualitative factors.
2
Q
What are the 5 quantitative factors that affect location?
A
Site and other capital costs such as building or shop fitting costs Labour costs Transport costs Sales revenue potential Government grants
3
Q
What are the Qualitative factors affecting location?
A
Safety Room for further expansion Managers preferences Ethical considerations Environmental concerns Infrastructure
4
Q
Other locational issues
A
Pull of market
Planning restrictions
External economies of scale
5
Q
Multi-site locations
A
a buisness that operates from more than one location
