Location And Logistics Flashcards
1
Q
What are the factors affecting the decision of where to locate a business?
A
Consumers Government incentives Planning regulations Globalisation Type of market Type of business Cost of labour Cost of a site Infrastructure Competition
2
Q
Key factors affecting logistics decisions
A
Transportation
Warehousing
Customer requirements
Information systems
3
Q
What is outsourcing?
A
When a business contracts a specialist company to provide activities or services that would otherwise be performed in-house
4
Q
What is subcontracting?
A
When the main business does not have the skill or capacity to deal with a whole task, they will subcontract a smaller firm to help in a certain area
5
Q
What is offshoring?
A
Moving production abroad, usually to lower costs
6
Q
What is reshoring?
A
The movement back to a country after it has first been moved away, usually done to be able to respond quickly to customers needs
