Production location Flashcards
1
Q
When looking at a country for production, what do businesses need to look at?
A
-cost of production
-skills and availability of workforce
-infrastructure
-location in trading bloc
-political stability
-natural resources
-likely return on investment
2
Q
What is important when choosing a production location (evaluation)
A
The relative attractiveness over time, it’s important to forecast the revenues generated over the potential lifetime of the production facility
3
Q
What are some common locations and why they good?
A
India= massive work force, h and m, nike
Spain= higher costs but high production speed, zara
China= heavily invested in infrastructure, lots of workers
