Location

Question 1

LOCATING THE BUSINESS – BUSINESS START UP

Answer 1

Key location factors for consideration by a business start-up
• Key influences are likely to be:
• access to customer
• Access to factors of
production
• Minimisation of costs

Question 2

Location

Answer 2

• social reasons
• the market and competition
• costs
• technology
• infrastructure
• labour
• government influences

Question 3

THE MARKET

Answer 3

• BEING CLOSE TO THE CUSTOMER.
• PASSING TRADE IS IMPORTANT FOR SOME
BUSINESSES.
• THE NUMBER OF COMPETITORS IN THE AREA – NEAR OR AWAY FROM THEM.

Question 4

INFRASTRUCTURE

Answer 4

• TRANSPORT LINKS ARE AN IMPORTANT FACTOR FOR MOST BUSINESSES.
• LINK THE DISTANCE FROM THE CUSTOMER OR FROM THE RAW MATERIALS.
• PUBLIC TRANSPORT ACCESS.

Question 5

SOCIAL FACTORS

Answer 5

•QUALITY OF LIFE FOR THE ENTREPRENEUR. GOOD SCHOOLS, LOW CRIME
•THE INTERESTS OF PEOPLE IN A GIVEN AREA E.G. SURFING IS POPULAR IN HELLS MOUTH, ABERSOCH NORTH WALES

Question 6

TECHNOLOGY

Answer 6

• PHYSICAL LOCATION BECOMES LESS IMPORTANT
• CONTACT WITH CUSTOMERS VIA E-COMMERCE MEANS PREMISES AND ITS LOCATION BECOME LESS IMPORTANT.
• THAT BUSINESS MAY THEN OPERATE FROM HOME.