Business location (Edexcel GCSE Business): Flashcards
📚Flashcards
Practise the cards
13 cards from this deck
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Practise the cards
13 cards from this deck
What is business location?
What is business location?
Choosing where to set up your business
How many proximity factors for location?
How many proximity factors for location?
Five
What is market proximity?
What is market proximity?
How close you are to your customers
What is materials & resources proximity?
What is materials & resources proximity?
Closeness to raw materials/supplies business needs
Benefits of good transport links?
Benefits of good transport links?
Save money and time moving goods and people
What is labour availability?
What is labour availability?
Access to skilled workers in your area
How does competitor proximity affect location?
How does competitor proximity affect location?
Can be positive (shops together) or negative (avoid competition)
Manufacturing businesses location needs?
Manufacturing businesses location needs?
Specialist equipment, facilities, good transport links, raw materials
Export businesses location priority?
Export businesses location priority?
Access to ports, airports, major transport hubs
Retail businesses location need?
Retail businesses location need?
High-footfall locations with lots of potential customers
Tourism businesses location need?
Tourism businesses location need?
Close to what draws visitors (beaches, landmarks, destinations)
Internet's impact on location?
Internet's impact on location?
Reduced importance of location for many businesses
Online business location benefit?
Online business location benefit?
Operate from cheaper areas, save on property costs