Business location (AQA GCSE Business): Flashcards
📚Flashcards
Practise the cards
12 cards from this deck
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Practise the cards
12 cards from this deck
Most significant factor in location decisions
Most significant factor in location decisions
Cost
Three cost types when choosing premises
Three cost types when choosing premises
Rental/purchase, ongoing expenses, opportunity costs
Sectors where raw material proximity matters most
Sectors where raw material proximity matters most
Primary sector & manufacturing businesses
Labour-intensive businesses seek locations with...
Labour-intensive businesses seek locations with...
Lower wages or higher unemployment rates
Why service businesses locate near customers
Why service businesses locate near customers
They provide direct services rather than distributable products
Three types of government location assistance
Three types of government location assistance
Grants/loans, reduced taxes, subsidised premises
Assisted areas definition
Assisted areas definition
Economically disadvantaged areas with govt support
Essential digital infrastructure for modern businesses
Essential digital infrastructure for modern businesses
Reliable broadband internet
Gaps in the market meaning
Gaps in the market meaning
Areas where competitors are absent
Clustering effect in location
Clustering effect in location
Locating near competitors increases customer traffic
What influences location factor importance
What influences location factor importance
The sector the business operates in
Why consider long-term in location choice
Why consider long-term in location choice
To accommodate future growth & changing needs