Location Decisions: Advantages of Online Businesses

Location Decisions: Online Business Advantages

By: Ms. Candice Ford

Learning objectives

By the end of this lesson, you should be able to:

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•list the advantages of an online business.

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Location Decisions | Online Businesses

Business Studies

Let's review our last lesson:

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Business Studies

Location Decisions | Online Businesses

WARM-UP​

Multiple Choice

Which one of the following is a disadvantage of an international business location?

• Government incentives

• Quality issues

• Access to global markets

• Avoiding import tariffs

Multiple Choice

Which one of the following is an advantage of an international business location?

• Cultural differences

• Quality issues

• low labour costs

• Ethical concerns

• start-up capital​

  (google the meaning)

• ​searc​h the meaning of start-up

• searc​h the meaning of capital

• ​searc​h the meaning of start-up capital

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​Key terms:

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Business Studies

Location Decisions | Online Businesses

Open Ended

What is start-up capital?

• start-up capital​

• Start-up capital is the money and resources needed to set up a business.

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​Key terms:

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Business Studies

Location Decisions | Online Businesses

Open Ended

What is an online business?

An online business is a business conducted entirely on the internet. 

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What is an online business?

Location Decisions | Online Businesses

Business Studies

Poll

Who is interested in having an online business in future?

Open Ended

​What are some advantages of online businesses?

Write as many as you can think of.

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§ start-up capital

§ government restrictions

§ flexibility

§ global markets

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​What are some advantages of online businesses

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Business Studies

Location Decisions | Online Businesses

​Start-up Capital

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Business Studies

Location Decisions | Online Businesses

Online businesses do not require a lot of capital to set up.

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Government Restrictions

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Business Studies

Location Decisions | Online Businesses

Governments have different laws about setting up businesses.

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Flexibility

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Business Studies

Location Decisions | Online Businesses

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Online businesses can be run from anywhere in the world and at anytime.

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Global Markets

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Business Studies

Location Decisions | Online Businesses

Online businesses can access customers all over the world.

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​Differentiated Activities

Salama Hamdan

Salama Zayed​

Ghaya​

Rouda

Shahad​

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Aysha Abeer Fatema

Mahra Maitha

Wadeema

Noura

Sehaila​

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Tartil​

Waadima Tariq​

Afra​

Maitha​

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Fill in the Blanks

Fill in the blank with one of the following:

Start-up capital /Government restrictions/ flexibility/ Global markets

can prevent you from opening a business in a particular place or location.

Fill in the Blanks

Fill in the blank with one of the following:

start-up capital /government restrictions/ flexibility/ global markets

You do not require a lot of

to start an online business.

Fill in the Blanks

Fill in the blank with one of the following:

start-up capital /government restrictions/ flexibility/ global markets

An online gives you access to

, allowing you to have customers all over the world.

Fill in the Blanks

Fill in the blank with one of the following:

start-up capital /government restrictions/ flexibility/ global markets

The

of an online business allows you to work from anywhere in the world and at anytime.

Poll

How confident do you feel about identifying the advantages of an online business?