Business Location Decisions (Grade 10 NSC Matric Business Studies): Flashcards
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Practise the cards
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Type of decision business location is
Type of decision business location is
Strategic decision
Labour regulations
Labour regulations
Laws governing how businesses must treat workers
Discrimination definition
Discrimination definition
Treating people unfairly based on race, age, disability, etc.
Infrastructure
Infrastructure
Basic physical systems needed for business operations
Potential market
Potential market
People who may be interested in buying your product/service
Raw materials
Raw materials
Basic materials businesses use to create their products
Labour market
Labour market
People available to work in a particular area
Tax rebates
Tax rebates
Amounts by which SARS reduces taxes a business owes
Crime impact on business location
Crime impact on business location
Direct losses, high security costs, customer hesitation
Why locate near raw materials
Why locate near raw materials
Reduce transport costs, ensure reliable supply