Business location (OCR 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 can vary significantly by location affecting business costs?
Which factor can vary significantly by location affecting business costs?
Cost of land, premises & labor
How do lower location costs impact a business?
How do lower location costs impact a business?
Improve profitability & competitiveness
Where do retail stores like department stores often locate?
Where do retail stores like department stores often locate?
In shopping centres or high streets
Why do service businesses like hairdressers locate near residential areas?
Why do service businesses like hairdressers locate near residential areas?
To be easily accessible to customers
Where might technology firms locate to access skilled labor?
Where might technology firms locate to access skilled labor?
Silicon Fen in the UK
Why do food processing businesses locate near farms or fishing ports?
Why do food processing businesses locate near farms or fishing ports?
To reduce transport costs & ensure freshness
What government support influences business location decisions?
What government support influences business location decisions?
Grants or tax incentives
How do good transport links benefit business location?
How do good transport links benefit business location?
Reduce transport costs for materials & goods
What legal requirement must advertisements meet?
What legal requirement must advertisements meet?
Must be legal, decent, honest & truthful
What must businesses ensure about their products' safety?
What must businesses ensure about their products' safety?
Products are safe to use
What extreme consequence can result from selling unsafe products?
What extreme consequence can result from selling unsafe products?
Business may be forced to close
What does adhering to consumer laws help build with customers?
What does adhering to consumer laws help build with customers?
Trust and loyalty