1.4.2 - Business Location

What is the first key influence on where a business decides to locate?

• Nature of business activity

• Proximity

• Internet

• Cost

Which factor is NOT considered under proximity?

• Proximity to technology

• Proximity to materials

• Proximity to labour

• Proximity to market

Why would a fish-and-chip shop want to be located close to its customers?

• To be close to raw materials

• To ensure customers can conveniently purchase the product

• To avoid competitors

• To reduce transportation costs

Why do tech companies like Google locate their headquarters in Silicon Valley?

• To avoid competitors

• To reduce rent costs

• To be close to high-quality labour

• To be close to their customers

Which type of business is less influenced by proximity to raw materials?

• Tech companies

• Coffee shops like Starbucks

• Retailers

• Manufacturers

What is the initial reaction regarding proximity to competitors?

• Businesses should collaborate with competitors

• Businesses should ignore competitors

• Businesses should be far from competitors

• Businesses should be close to competitors

What is the nature of business activity?

• The type of products sold

• The type of services offered

• What the business does

• The location of the business

Where are Starbucks typically located?

• In residential areas

• In busy areas like city centres and airports

• Near raw material sources

• In industrial estates

Why might a graphic designer not need to be close to their customers?

• They need to avoid competitors

• They need to be close to raw materials

• They can work remotely

• They need to be close to high-quality labour

What is a key consideration for manufacturers when choosing a location?

• Proximity to raw materials and labour

• Proximity to technology

• Proximity to customers

• Proximity to competitors