Unit 1.8 - business location

Question 1

Explain the difference between business location and siting a business.

Answer 1

Business location refers to the geographical location whereas site is concerned with more specific factors within a location

Question 2

Name the location factors. (9)

Answer 2

The market
Materials and raw materials
Labour supply
Government assistance
Linkages - being close to required businesses
Historical factors
Climate
Near to competitors
Personal reasons

Question 3

Name the site factors. (6)

Answer 3

Cost of site
Size of site
Personal reasons
Footfall
Closeness to competitors
Accessibility