Edexcel 1.4.2 Business location

What is the main important factor for a retail business? 

• Labour Costs 
• Cost of raw materials 
• Footfall 
• Rent

In a deprived area, what would attract a business? 

• Government Grants 
• Availability of labour 
• Advice and Support 
• Cost of stock 

The most important factor to consider when deciding on locations is the amount of land to be used

• true 
• false 

1.  Developing countries are attractive locations to place business because

• a.  They industrialize faster than developed countries \
• a.   Labor and resources are affordable 
• a.  There is a high population 
• a.  All of the above 

Refers to the number of people who pass a retail location during a given period of time.

• Passage
• Traffic
• Movement
• Patronage

Before deciding on a retail location, is is important to consider if the town will accept a new retail business.

• True
• False

The rise of the internet has led to the closure of many high street travel agent branches. This is because, recently, being located close to:

• Competitors has become more important

• Raw materials has become less important

• Labour has become more important

• Customers has become less important

Which of the following is likely to be the main factor influencing the location of a small barber shop? Proximity to:

• Customers

• Labour

• Raw materials

• Competitors

The rise of the internet has meant that many businesses costs are:

• Lower as there is more need for expensive retail premises

• Higher as there is more need for expensive retail premises

• Higher as there is less need for expensive retail premises

• Lower as there is less need for expensive retail premises

A business has the choice to locate at Site A, which is close to the market, or Site B, which is close to materials and labour. The benefit of choosing Site A over Site B is that it is close to:

• Customers

• Suppliers

• Raw materials

• Employees