Business - 4BS1 PearsonEdexcel

Decisions On Location

Muhtasari

Choosing where to set up a business is one of the most important decisions an entrepreneur will ever make. The right location can reduce costs, attract customers, and give a firm a competitive edge, while a poor choice can mean high expenses and weak sales from day one.

In this lesson you will explore the main factors that influence location decisions, from proximity to markets and raw materials to the availability of labour and transport links. You will also examine how the internet and e-commerce have changed what 'location' means, why businesses sometimes relocate, and how legal controls and trade blocs shape where firms choose to operate.

Malengo

Understand the main factors influencing location decisions and relocation of a business: proximity to market, labour, materials and competitors, nature of the business activity, the impact of the internet on location decisions (e-commerce and/or fixed premises), legal controls and trade blocs

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Maelezo ya Somo

When James Dyson moved his vacuum cleaner manufacturing from the UK to Malaysia in 2002, critics called it a betrayal. Dyson's answer was straightforward: labour costs were lower, the factory was closer to component suppliers in Asia, and the savings funded research back in Britain. Every location decision involves trade-offs like these, and getting them right is often the difference between a thriving business and one that struggles to cover its costs.

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Tathmini ya Somo

Hongera kwa kukamilisha somo la Decisions On Location. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.

Utakutana na mchanganyiko wa aina mbalimbali za maswali, ikiwemo maswali ya kuchagua jibu sahihi, maswali ya majibu mafupi, na maswali ya insha. Kila swali limebuniwa kwa umakini ili kupima vipengele tofauti vya maarifa yako na ujuzi wa kufikiri kwa makini.

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Which of the following is most likely to locate near raw materials? A) A hairdressing salon B) A steel manufacturer C) An insurance company D) A restaurant chain Answer: B
What is the main advantage of locating inside a trade bloc? A) Lower wage costs B) Tariff-free access to member countries C) Cheaper raw materials D) No planning regulations Answer: B
Which factor has the internet made LEAST important for some businesses? A) Broadband speed B) Proximity to customers C) Cost of energy D) Availability of skilled labour Answer: B
An enterprise zone is designed to: A) Increase taxes on large businesses B) Prevent businesses from locating in certain areas C) Attract businesses to areas of economic decline D) Force businesses to relocate overseas Answer: C
A bakery that makes fresh bread for local shops is most likely to locate: A) Near wheat farms B) Close to its customers C) In an enterprise zone D) Near an international airport Answer: B

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Vitabu Vinavyopendekezwa

Pearson Edexcel International GCSE (9-1) Business Student Book

Manukuu: First edition

Mchapishaji: Pearson Education

Mwaka: 2017

ISBN: 978-0-435-18862-1

Maelezo: Endorsed student book for 4BS1.

Jifunze zaidi kutoka vyanzo huria

Sehemu ya kitabu Location, Location, Location: Where Do We Make It? OpenStax · Introduction to Business
How do organizations decide where to put their production facilities? What choices must be made in designing the facility?

"Introduction to Business: Location, Location, Location: Where Do We Make It?" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/10-3-location-location-location-where-do-we-make-it. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction

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