GCSE Business Factors that affect business location

Another word for how close a business is......

• location

• accessibility

• proximity

What are the five things that a business must think about when deciding to locate their business is a particular place?

• how close they are to the market(customers), materials, labour, competition, transportation, cost

• Shopping centre, schools, trampoline park for fun, supermarkets, cost

• Internet connection, competition, distant to schools, distance to supermarkets

What is meant by labour when looking at business location?

• workers

• other competitors

• amount of work done in a day

• employers

Which type of business may not need to be too physically close to its market?

• retailing (shops)

• manufacturing (factory)

• restaurants

Which two o the following are the most important factors of location for a car manufacturer?

• Proximity to suppliers

• Proximity to labour market

• Proximity to city centre

• Proximity to supermarkets

Which two of the following are the most important factors of location for primark

• Proximity to suppliers

• Proximity to labour market

• Proximity to city centre

• proximity to competitors

What does the term 'market' mean?

• The Shareholder

• The competitors

• The manufacturer

• The consumers/customers of the business

A business that needs labourers with high levels of skill would need to be located near...

• countryside

• small population

• the sea/airport

• big cities or/and universities

The most important factor for most businesses when deciding their location is...

• the cost of renting/buying the building

• whether there are competitors nearby

• Whether there is a carpark nearby

• Whether there is roadlinks nearby

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

• The market

• Labour

• Raw materials

• Competitors