location decisions

Question 1

location decisions for a manufacturing firm

Answer 1

• production method
• access to markets
• availability of raw material/components
• access to labour
• government influence
• access to external economies of scale
• access to transportation
• access to utilities
• weather for production

Question 2

location decisions for a service sector business

Answer 2

• availability of technology and IT
• owners preference
• access to customer base
• access to labour
• locating near other businesses
• weather condition
• space & rent

Question 3

location decisions for a retail business

Answer 3

• brand image & quality of product
• nearby outlets & shops
• customer parking spots
• vacant spaces
• security
• government policies
• space & rent

Question 4

location decisions for relocating in a different country

Answer 4

• access to new markets
• access to new or cheaper raw materials
• access to labour
• space, rent & taxes
• government controls & policies
• trade barriers