Business location (AQA GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
Which factor is described as the most significant when selecting a business location?
Which factor is described as the most significant when selecting a business location?
Cost
What are opportunity costs in location decisions?
What are opportunity costs in location decisions?
Potential revenue lost by choosing one site
For which business types is proximity to raw materials particularly important?
For which business types is proximity to raw materials particularly important?
Primary and manufacturing businesses
Which sector typically finds raw materials proximity less relevant?
Which sector typically finds raw materials proximity less relevant?
Tertiary sector
Why do labour-intensive businesses seek areas with lower wages or higher unemployment?
Why do labour-intensive businesses seek areas with lower wages or higher unemployment?
To reduce costs & access workers
Which business types especially benefit from being near their customer base?
Which business types especially benefit from being near their customer base?
Service businesses
What are economically disadvantaged areas with government support called?
What are economically disadvantaged areas with government support called?
Assisted areas
For which businesses is transport infrastructure particularly important?
For which businesses is transport infrastructure particularly important?
Firms that deliver products to customers
What does 'gaps in the market' mean for location decisions?
What does 'gaps in the market' mean for location decisions?
Areas where competitors are absent
What is the clustering effect?
What is the clustering effect?
Benefits from locating near competitors
What significantly influences which location factors matter most for a business?
What significantly influences which location factors matter most for a business?
The sector it operates in
What long-term consideration should businesses make when choosing a location?
What long-term consideration should businesses make when choosing a location?
Accommodation for future expansion