Y10 Business Studies - C21 Location Decisions

What is one of the most important decisions businesses make?

• Choosing a logo

• Deciding on a location

• Hiring employees

• Setting prices

What can affect the success or failure of a business?

• Location decision

• Marketing strategy

• Product design

• Employee benefits

Which factor is important for manufacturing businesses?

• High operational costs

• Limited market access

• High employee turnover

• Access to good transportation

Why might a business relocate to another country?

• To increase competition

• To increase taxes

• To reduce production costs

• To hire more employees

What is a benefit of international location?

• Limited customer base

• Increased import tariffs

• Access to global markets

• Higher labor costs

What is a limitation of international location?

• Increased market size

• Government incentives

• Lower production costs

• Cultural differences

What can language differences create in international business?

• Communication problems

• Stronger relationships

• Increased sales

• Better communication

What is one ethical concern of relocating to another country?

• Higher quality products

• Exploitation of employees

• Increased market share

• Better working conditions

What role do legal controls play in location decisions?

• Reducing competition

• Encouraging businesses to set up

• Increasing operational costs

• Limiting market access

What might a business need to obtain before building new premises?

• Supplier agreements

• Employee contracts

• Planning permission

• Market research