Location

Question 1

Factors influencing location changing

Answer 1

Technology and globalization

Question 2

How does technology change location of a business?

Answer 2

Many customers now buy online so businesses can change to a location where it is easy to distribute products.

Question 3

How does globalization change the location of a business?

Answer 3

Many products are now sold internationally. Businesses often locate overseas because wages are much cheaper.

Question 4

What is globalization?

Answer 4

The trend for markets to become a world wide scope.

Question 5

Factors influencing location

Answer 5

Proximity to market, type of business, availability of raw materials, suitable supplies of labor, competition, cost

Question 6

Proximity to market

Answer 6

How close a business is to its customers

Question 7

Availability of raw materials

Answer 7

This can be important factor for business which manufacture products, especially if those raw materials are bulky and expensive to transport.

Question 8

Competition

Answer 8

Sometimes businesses locate near competitors as they know that is where customers go to buy a certain product. In ot

Question 9

Costs

Answer 9

Some business want to keep cost as low as possible and locate in very cheap places.