OCR GCSE Business 4.5. Business Locations

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 

Which of these is a challenge a business faces when setting up a business overseas?

• Greater control of your business activities overseas

• Cultural and language barriers

• Can provide a more personalised service to customers based locally

Which is an example of infrastructure?

• Staff

• Markets

• Roads

What does proximity mean?

• Age

• Gender

• Closeness

• Cost

Which is NOT a way in which a business can affect location?

• Offer reduced business rates

• Speeding up planning application

• Grants

• Discussing laws in parliament

Why is it a good idea to locate near to your market?

• Reduces transportation costs

• Means products are fit for purpose

• Costs more

• Staff are happier

If you are trying to keep transport costs low, you could...

• Locate further away from raw materials

• Locate in a larger than needed building

• Locate near to your raw materials

• Locate further away from customers

Which is not a factor that can affect the choice of location of a business?

• Cost of the site

• Advertising strategies

• Transport infrastructure

• Proximity to suppliers/market/raw materials etc.

A business may choose to locate in proximity to labour because the labour is either cheap or...

• ...fun

• ...has specific expertise

• ...unavailable

• ...expensive