Location

Question 1

7 types of location

Answer 1

1. Proximity to raw materials
2. Proximity to markets
3. Availability and price of land
4. government influences
5. Communication
6. Transport infrastructure
7. Parking

Question 2

1. Proximity to raw materials

Answer 2

How close a business is to its raw materials

Question 3

2. Proximity to markets

Answer 3

How close a business is to its customers

Question 4

3. Availability and price of land

Answer 4

✰ how central the site is
✰ the area where it is situated
✰ the competition for the site
✰ availability of land

Question 5

4. Government influences

Answer 5

The government will offer grants, advice & help

Question 6

5. Communication

Answer 6

E.g if a company has good Wi-Fi, service

Question 7

6. Transport infrastructure

Answer 7

A sound infrastructure of good roads and reliable rail network encourages firms to move to an area because goods can be delivered to customers more quickly and the business can also receive its deliveries more easily

Question 8

7. Parking

Answer 8

✰ Generally for retail services
✰ Free parking attracts customers to come back