Location
- Created by: Eleanor
- Created on: 17-04-13 17:38
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- Location
- Quantitative Factors
- Market
- Might need to be located near [articular centres of population
- Labour
- Access to a reliable pool of staff
- relevant skills needed
- Suppliers
- The business may be dependent on suppliers of a particular raw materials.
- Costs will be lower if the business is located near the source of supply.
- Space
- Moving to a larger premises if there is a chance of expansion
- Communications
- Transport links if the business delivers products or sells directly.
- Good technology links
- If management is not always on site.
- Cost of land
- If an expensive premises is bought they need to increase the price for customers to cover the costs. So they tend to go for the most competitive prices
- Infrastructure
- Used to describe the facilities which support modern life
- Water supply, sewage plants, housing, roads, railways , electricity
- Government Grants
- Might persuade a company to move or start up somewhere
- Market
- Qualitative Factors
- Stakeholders
- Staff
- If staff are willing to relocate
- Strikes
- Moving family with them (costs)
- Shareholders
- Local community
- Staff
- Based on personal reasons
- High quality of life
- Childhood memories
- Stakeholders
- Quantitative Factors
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