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11thgrade

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Chapter 20: Location Decisions

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  • 1. Multiple Choice
    30 seconds
    1 pt
    The ‘location decision’ for a business means:
    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.
  • 2. Multiple Choice
    30 seconds
    1 pt
    Business location decisions are very important for all of the following reasons except that:
    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.
  • 3. Multiple Choice
    45 seconds
    1 pt
    In which scenarios is location nearest to reliable suppliers likely to be most important?
    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
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