Business location

What are the key factors to consider when choosing a business location?

• Proximity to customers and suppliers

• Cost of the location

• Availability of skilled labor

• All of the above

Explain how transportation logistics can impact business location decisions.

• Transportation logistics can affect costs, efficiency, and accessibility, influencing where a business chooses to locate.

• Transportation logistics have no impact on business location decisions.

• Transportation logistics only affect international business location decisions.

• Transportation logistics are only a minor consideration in business location decisions.

Customer accessibility is important in selecting a business location because it affects:

• the ease with which customers can reach the business

• the business's ability to offer discounts

• the variety of products the business can offer

• the business's online presence

What are the factors influencing location decisions?

• Cost of land and labor

• Proximity to customers

• Availability of resources

• All of the above

The internet impacts location decisions by:

• Providing access to global markets and resources

• Limiting communication to local areas

• Increasing transportation costs

• Reducing the need for digital presence

Where to locate is an important decision for all organisations. For a new business, should it be based at home or located in a nearby office, shop or industrial unit?

• At home

• In a nearby office

• In a shop

• In an industrial unit

Where to locate is an important decision for all organisations. For a new business, it should be located in:

• the city centre

• a rural area

Where to locate is an important decision for all organisations. For a new business, should it have online and physical premises?

• Yes, it should have both online and physical premises.

• No, it should only have online premises.

• No, it should only have physical premises.

• It depends on the type of business.

Where to locate is an important decision for all organisations. For an existing business, should it stay where it is?

• Yes, it should stay where it is.

• No, it should relocate.

• It depends on various factors.

• Location is not important.

Where to locate is an important decision for all organisations. For an existing business, does it need bigger premises?

• Yes, it needs bigger premises.

• No, it does not need bigger premises.

• It depends on the business needs.

• Location is not important.