CHAPTER 18 : location Decisions

Front

The decision about where to locate or relocate a new business is one of the most important decisions a business can make. How does the location affect a business?

Back

Operation costs

Make sales

Delivers customer service

Front

Which business are considered manufacturing business?

a) Supermarket

b) Lim Restaurant

c) Nestle Sri Muda Factory

d) Lotus Hair & Nail Salon

Back

c) Nestle Sri Muda Factory

Front

Which businesses are considered services businesses?

a) Loreal Skincare Manufacturing

b) Columbia International School

c) Nestle Sri Muda Factory

d) Gardenia Bread Factory

Back

b) Columbia International School

Front

Factors when choosing location for a new businesses or relocating an existing businesses divided into two. What are the factors?

Back

a) Qualitative factors

b) Quantitative factors

Front

What is Quantitative factors ?

a) can be measured in financial terms

b) directly affect the costs, revenues and profit

c) based on numbers, statistics, and objective data rather than personal opinions

Back

All the above is correct

Front

What is Qualitative factors?

a) non-measurable, subjective aspects that influence decision-making in business, education, and other fields.

b) numeric data

c) directly affect revenues and profit of the business

Back

a) non-measurable, subjective aspects that influence decision-making in business, education, and other fields.

Front

What are quantitative factors, and how do they influence business location decisions?

a) Cost of site

b) Labour costs

c) Transport costs

d) Market potential

e) Government Incentives

Back

All the above

Front

How does the cost of a site impact a business’s decision on where to locate?

a) Cost of site not important

b) The cost of land and buildings affects a business’s setup and operational expenses.

c) the cost of transport links to reach the location

d) all the above

Back

b) The cost of land and buildings affects a business’s setup and operational expenses

Front

What are qualitative factors, and how do they influence business location decisions?

Back

The size of the site

Legal restrictions

Quality of infrastructure

Ethical issues and concerns

Front

Example of quality of local infrastructure?

a) Burger shop nearby

b) Good transport links

c) Good support services such as water, power and telecommunications

d) No signals

Back

b) Good transport links

c) Good support services such as water, power and telecommunications