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Introducing new Paper mode
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10 questions
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- Multiple ChoicePlease save your changes before editing any questions.
How is a business 'location' best described?
The place where customers buy products
The place where a business sites its operations
The place where suppliers send components
- Multiple ChoicePlease save your changes before editing any questions.
What can location decisions have a big impact on?
Costs
Revenues
Costs and Revenues
- Multiple ChoicePlease save your changes before editing any questions.
Which of these is NOT an advantage of an efficient transport network?
It enables staff to get to work easily
It allows supplies to be brought in from far afield
Increased time getting finished products moved to market
- Multiple ChoicePlease save your changes before editing any questions.
Which of these is a challenge a business faces when setting up a business overseas?
Greater control of your business activities overseas
Cultural and language barriers
Can provide a more personalised service to customers based locally
- Multiple ChoicePlease save your changes before editing any questions.
Which is an example of infrastructure?
Staff
Markets
Roads
- Multiple ChoicePlease save your changes before editing any questions.
What happens when a government gives a business a location grant?
It is repaid
It is repaid with interest
It does not need to be repaid
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is an example of relocation?
Redundancies
Moving production overseas
Extra investment in new machines
- Multiple ChoicePlease save your changes before editing any questions.
What is the most likely reason for relocating a factory overseas?
Reduce manufactoring costs
Reduce transport costs
To act ethically
- Multiple ChoicePlease save your changes before editing any questions.
What is a new shop in a city centre NOT likely to benefit from?
Low rents
An established infrastructure
Availability of a specialist support services
- Multiple ChoicePlease save your changes before editing any questions.
Where are restaurants most likely to locate?
In areas that are most convenient for owners
In areas that are most convenient for suppliers
In an area that is most convenient for customers