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- 1. Multiple ChoiceThe ‘location decision’ for a business means:deciding where the departments of a business are locatedan owner deciding on the positions for products in the shopdeciding where a business is going to operate fromdeciding where a business is going to market its products.
- 2. Multiple ChoiceBusiness location decisions are very important for all of the following reasons except that:the location might affect the sales of a productthe location might affect the costs of productionthe location might affect the available supply of labourthe location might affect the legal form of ownership.
- 3. Multiple ChoiceIn which scenarios is location nearest to reliable suppliers likely to be most important?a manufacturing firm using Just-in-Time stock policiesa bank with many personal and business customersa farmer raising sheep for meat productiona specialist clothes designer who uses job production
- 4. Multiple ChoiceIf a product gains weight during production then location of the factory is likely to be:close to the sources of raw materialsclose to the major marketsclose to supplies of skilled labourclose to manufacturers of machinery used in production
- 5. Multiple ChoiceWhen a raw material loses weight during processing, location of the firm is likely to be:close to the sources of raw materialsclose to the major marketsclose to supplies of skilled labourclose to manufacturers of processing machinery.
- 6. Multiple ChoiceAll of the following are likely to affect the location of a stationary wholesaler except:the availability of government grants in certain regionstransport links from suppliers and to marketsexternal economies of scale like nearness to a food supplieravailability of unskilled workers.
- 7. Multiple ChoiceGovernment location grants are most likely to be given in regions of the country havingmany similar businesses operatingjust experienced big firms closing downvery high levels of employmentmany other firms starting up.
- 8. Multiple ChoiceThe location of which of the firms will be influenced by the availability of skilled workers?computer software design and productionlarge supermarketmass producer of family car modelstravel company’s ticket office
- 9. Multiple ChoiceIf a business is located in the wrong area then it is likely to experience:low costs of productionlow inefficiencylow break-even pointlow profits.
- 10. Multiple ChoiceThe location decision for a retailing business is most likely to be affected by:costs of producing the goodsgovernment grants to firms in the secondary sectorlocation of competitorslocation of energy sources
- 11. Multiple ChoiceAn exporting firm might decide to set up a factory in a foreign country if:costs of transporting the finished goods fallimport barriers are put up by the country it is selling tothe total market size is falling in the foreign country
- 12. Multiple ChoiceThe location decision of a firm in the primary sector is most likely to be affected by:the location of the main marketsthe available supplies of labourthe available sources of the main raw material
- 13. Multiple ChoiceA car manufacturer using flow production techniques is most likely to require a location:close to shopsclose to land suitable for customer parkingwith large areas of flat landclose to supplies of primary products
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