1.4.4 Business Location

Question 1

Factors Determining Business Location (Proximity to…)

Answer 1

-Proximity to market
-Proximity to labour
-Proximity to materials
-Proximity of competitors

Question 2

Proximity to market

Answer 2

-Convenience
-Want to be close to a population if selling an everyday item
-Want to be close if offering a service

Question 3

Proximity to labour

Answer 3

-Some goods may require specialist skills
-Need to be centered around these specialists
-Easier and more attractive for employees to work

Question 4

Proximity to materials

Answer 4

-Reduce transport costs
-Foster a stronger relationship with suppliers

Question 4

Proximity to competitors

Answer 4

-Attract more customers
-Be more succesful in areas
-Be the only option for your goods or service