Term 1 Flashcards
List 11 factors that determine location of a business
1) Geographical factor
2) Raw materials and supply
3) Transport
4) Infrastructure
5) Linkage Industries
6) Power
7) Water
8) Labour Supply
9) Market Pull
10) Gov’t regulations
11) Tele-communication
Describe the factor that determine location of a business:
- Gov’t Regulations
Locating based on government grant
Describe the factor that determine location of a business:
- Market Pull
Locating in an area where your customers are found.
Describe the factor that determine location of a business:
-Geographical Factor
Locating in an area where the land is sustainable and has reasonable cost.
Describe the factor that determine location of a business:
- Tele-communication
Locating in an area with good IT system
Describe the factor that determine location of a business:
- Labour Supply
Locating near workers with the right skills
Describe the factor that determine location of a business:
- Water
Locating near reliable water sources.
Describe the factor that determine location of a business:
- Power
Locating near reliable electricity.
Describe the factor that determine location of a business:
-Linkage Industries
Locating near businesses you depend on.
Describe the factor that determine location of a business:
- Infrastructure
Locating near