Location of a business

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  • Created by: Lauran
  • Created on: 08-05-13 18:20
What are the factors affecting location?
Costs of given location, competition, law and government policy, market, suppliers and resources, infrastructure, qualitative factors
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What is infrastructure?
The service and facilities that support day to day business activity
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What are qualitative factors?
Factors that are not easily measurable , such as the quality of life
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Why is location so important?
Can affect the costs of production, boost sales, transport
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What is meant by fixed costs?
Costs that do not change with output
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Other cards in this set

Card 2

Front

What is infrastructure?

Back

The service and facilities that support day to day business activity

Card 3

Front

What are qualitative factors?

Back

Preview of the front of card 3

Card 4

Front

Why is location so important?

Back

Preview of the front of card 4

Card 5

Front

What is meant by fixed costs?

Back

Preview of the front of card 5

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