Unit 4.5 Business location

Question 1

What are factors of location?

Answer 1

1) Costs
2) The government and costs
3) Proximity to market
4) Proximity to raw materials
5) Proximity to labour
6) The interdependent nature of the business

Question 2

What factors will the cost of production be affected by?

Answer 2

1) The cost of the site
2) Transport infrastructure

Question 3

What other factors affect where a business locates?

Answer 3

1) Proximity to suppliers
2) Population size
3) Proximity to competitors
4) Infrastructure
5) Cost of rent/ land