factors of location
- Created by: Muskaan Dhaliwal
- Created on: 02-08-19 18:06
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- 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
- try to reduce them down as much as possible
- location of market
- reduction of transport costs for finished products
- easier for customers to find the firm
- location of raw materials
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