Term 3 - Topic 3.3 Flashcards
Labour Regulations
Laws governing employment & working conditions of workers
Environmental factors
Influence of the local government
Transport
Easy access to the business by workers, customers and suppliers
Infrastructure
Transport network;
Housing;
Water;
Sewage;
Electricity;
Municipal services
What are taxes?
Government funds that are owed
What are raw materials?
Resources needed to make products
When you choose a LOCATION for your business, what do you need to look at to make a decision?
a) Labour regulations
b) Environment factors
c) Transport
d) Infrastructure
e) Cheaper electricity/water
f) Potential market
g) Raw material
h) Labour market
i) Climate
j) Government & local
regulations
k) Taxes
l) Crime
Explain what is meant with the term “climate”
weather conditions
When you look at the crime in an area, what must you consider when locating a business?
It can affect the safety of workers, customers and the business itself if the crime rate is high in an area.