A2 - Business - Operational strategies: location - Flashcards in A Level and IB Business Studies

Optimal location

A business location that gives the best combination of quantitative and qualitative factors.

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Quantitative factors

These are measureable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability.

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Qualitative factors

Non-measurable factors that may influence business decisions

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Stakeholder

Any person or group that has an interest in the activities of a business, e.g. community, workers, suppliers, customers, government.

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Multisite locations

A business that operates from more than one location.

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Off-shoring

The relocation of a business process done in one country to the same or another company in another country.

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Multinational

A business with operations or production bases in more than one country.

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Trade barriers

Taxers (tariffs) or other limitations on the free international movement of goods and services.

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Other cards in this set

These are measureable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability.

Quantitative factors

Non-measurable factors that may influence business decisions

Any person or group that has an interest in the activities of a business, e.g. community, workers, suppliers, customers, government.

A business that operates from more than one location.

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