Business Locations

What does the term "business location" mean?

• A business sells a product or a service

• What type of shop a business chooses to own

• A place where a business decides to operate from

What does labour mean?

• The people a business aims to sell its product or services to.

• People who work for wages or salaries

• The suppliers of a business

Which of these businesses is most likely to want to be located far away from its competitors?

• Car dealer

• Clothes shop

• A baqala

Do manufacturing companies always need to be located close to their market?

• Yes

• No

• Only if the manufacturer makes products that can be easily transported

Where would a law firm be best located?

• Close to highly skilled workers

• Closer to low skilled workers

• close to raw materials

What is one benefit of a clothes shop being located in a busy, expensive town centre?

• it will be able to hire more highly skilled workers

• It will cost the shop more money

• The shop will be likely to get more customers

What is the meaning of financial?

• People who work for wages or a salary

• Relating to money

• An office building

Which answer is NOT a financial factor for business location decision?

• Customers

• Cost of the Site

• Transport

• Availability of resource

• Money from the bank