factors of location

?
View mindmap
  • 5 factors of location
    • location of raw materials
      • the closer the lower the transport costs
    • labour supply
      • locate near colleges; might be able to provide training
      • locate near area of high unemployment; keeps wages low
        • good selection of candidates to choose from
    • competition
      • being near competitors gives ease when finding skilled labour
    • cost
      • try to reduce them down as much as possible
        • via labour costs
        • via transport costs
        • via supplying costs
    • location of market
      • reduction of transport costs for finished products
      • easier for customers to find the firm

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all People in business resources »