Buisness locations
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Last updated 2:22 PM on 11/3/25
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6 Terms
1
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What determines business location?
Access to customers, access to factors of production, and minimisation of costs.
2
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What are common location costs for new businesses?
Planning permission, purchasing or rental/leasing, refurbishment, business rates, labour costs, and transport costs.
3
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Why is cost important in choosing a location?
New businesses often have limited capital and must balance affordability with potential success.
4
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What social reasons can influence business location?
Managers may wish to live in a suitable environment for their families or stay close to their existing workforce.
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6
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Note 
Flashcards (27)