Location Flashcards
1
Q
Def. of Teleworking:
A
working in a location that is separate from a central workplace, using telecommunication technologies
2
Q
Main factors influencing business location: (give 2)
A
- Technology
- Costs of factors of production
3
Q
Def. of Least-Cost Site:
A
the business location that allows a firm to minimise its costs
4
Q
Def. of Infrastructure
A
the network of utilities, such as transport links, sewerage, telecommunications systems, health and services and educational facilities
5
Q
Def. of Qualitative Factors
A
based on the opinions and wishes of individuals. These factors can influence business decisions because an entrepreneur will want to include his or her own wishes and preferences in decisions taken.
6
Q
Qualitative Factors: (give 3)
A
- Convenience
- Unique Selling Points
- Quality of Life
