business location

Question 1

what does “market” refer to?

Answer 1

a business’s customers and consumers. for example take aways and hairdressers.

Question 2

what does “labour” refer to?

Answer 2

who a business employs/ wants to employ

Question 3

proximity to materials:

Answer 3

a business may choose to locate closer to raw materials, depending on their type of enterprise.

Question 4

competition:

Answer 4

some businesses like to locate far away from competitors so that they have access to more customers. for example barber shops.
for other businesses, they may choose to locate closer to competitors because the customers are likely to shop around when purchasing an item

Question 5

retail and service:

Answer 5

retail: want to locate close to customers
service: sometimes need to be located near customers but sometimes they can be located anywhere.