Chapter 20: Location Decisions
2 years ago
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  • Question 1
    30 seconds
    Q. The ‘location decision’ for a business means:
    answer choices
    deciding where the departments of a business are located
    an owner deciding on the positions for products in the shop
    deciding where a business is going to operate from
    deciding where a business is going to market its products.
  • Question 2
    30 seconds
    Q. Business location decisions are very important for all of the following reasons except that:
    answer choices
    the location might affect the sales of a product
    the location might affect the costs of production
    the location might affect the available supply of labour
    the location might affect the legal form of ownership.
  • Question 3
    30 seconds
    Q. In which scenarios is location nearest to reliable suppliers likely to be most important?
    answer choices
    a manufacturing firm using Just-in-Time stock policies
    a bank with many personal and business customers
    a farmer raising sheep for meat production
    a specialist clothes designer who uses job production
  • Question 4
    30 seconds
    Q. If a product gains weight during production then location of the factory is likely to be:
    answer choices
    close to the sources of raw materials
    close to the major markets
    close to supplies of skilled labour
    close to manufacturers of machinery used in production
  • Question 5
    30 seconds
    Q. When a raw material loses weight during processing, location of the firm is likely to be:
    answer choices
    close to the sources of raw materials
    close to the major markets
    close to supplies of skilled labour
    close to manufacturers of processing machinery.
  • Question 6
    30 seconds
    Q. All of the following are likely to affect the location of a stationary wholesaler except:
    answer choices
    the availability of government grants in certain regions
    transport links from suppliers and to markets
    external economies of scale like nearness to a food supplier
    availability of unskilled workers.
  • Question 7
    30 seconds
    Q. Government location grants are most likely to be given in regions of the country having
    answer choices
    many similar businesses operating
    just experienced big firms closing down
    very high levels of employment
    many other firms starting up.
  • Question 8
    30 seconds
    Q. The location of which of the firms will be influenced by the availability of skilled workers?
    answer choices
    computer software design and production
    large supermarket
    mass producer of family car models
    travel company’s ticket office
  • Question 9
    30 seconds
    Q. If a business is located in the wrong area then it is likely to experience:
    answer choices
    low costs of production
    low inefficiency
    low break-even point
    low profits.
  • Question 10
    30 seconds
    Q. The location decision for a retailing business is most likely to be affected by:
    answer choices
    costs of producing the goods
    government grants to firms in the secondary sector
    location of competitors
    location of energy sources
  • Question 11
    30 seconds
    Q. An exporting firm might decide to set up a factory in a foreign country if:
    answer choices
    costs of transporting the finished goods fall
    import barriers are put up by the country it is selling to
    the total market size is falling in the foreign country
  • Question 12
    30 seconds
    Q. The location decision of a firm in the primary sector is most likely to be affected by:
    answer choices
    the location of the main markets
    the available supplies of labour
    the available sources of the main raw material
  • Question 13
    30 seconds
    Q. A car manufacturer using flow production techniques is most likely to require a location:
    answer choices
    close to shops
    close to land suitable for customer parking
    with large areas of flat land
    close to supplies of primary products
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