Term 3 - Topic 3.3 Flashcards

1
Q

Labour Regulations

A

Laws governing employment & working conditions of workers

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2
Q

Environmental factors

A

Influence of the local government

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3
Q

Transport

A

Easy access to the business by workers, customers and suppliers

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4
Q

Infrastructure

A

Transport network;
Housing;
Water;
Sewage;
Electricity;
Municipal services

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5
Q

What are taxes?

A

Government funds that are owed

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6
Q

What are raw materials?

A

Resources needed to make products

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7
Q

When you choose a LOCATION for your business, what do you need to look at to make a decision?

A

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

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8
Q

Explain what is meant with the term “climate”

A

weather conditions

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9
Q

When you look at the crime in an area, what must you consider when locating a business?

A

It can affect the safety of workers, customers and the business itself if the crime rate is high in an area.

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