Location: Business: Pearson (Edexcel): GCSE (9:1)

Locating a Business

Making sure a business is in the right place, to maximise as many geographical benefits as possible

Proximity of Labour

Being near to enough people who have the desire, skills and education to work for the business

Proximity of Raw materials

Being near to the source of raw materials and suppliers

Proximity to the Market

Being near to the people who buy and use the products and services of the business

Proximity to Competitors

Being near to other businesses that provide similar products and services

Costs in a location

The price of labour, rents, transport, raw materials, the level of taxes, the financial impact of legislation in a particular place

Retail

Shops selling to the public

Wholesale

Businesses selling in bulk to retail business

M-Commerce

Any goods or services bought using a mobile device i.e a phone

Transport costs

The cost of bringing raw materials to the business and getting them to points of sale or customers

Environmental legislation

Laws that protect the natural world from damage by human activity

Taxes

Money that the government takes from sales transactions, profits and personal income to fund the needs of the country

Local Laws

Law that applies only to a specific place or region

Supply Chain

The group of businesses that link together to make a product or service available to the customer

E-Commerce

Any goods or services bought using the internet i.e Amazon

Logistics

Moving goods or services along the supply chain