unit 9-10 practice

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  • Created by: angus f.v
  • Created on: 26-09-14 14:09
List 5 of the main factors affecting business location
Labour cost, Government constraints and opportunities, market/suppliers proximity and transport.
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Outline 4 of the main factors affecting business which are planning to go abroad
Language barriers, government/political stability, trade barriers and financial incentives.
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What are regional policies
Regional policies are policies which are used to attract business to “depressed areas” by giving the business such things as money, a tax reduction, etc.
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Describe the 5 main government economic objectives
Promote economic growth, Maintain price stability, Reduce unemployment, Control the balance of payment and reduce the gap between rich and poor
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Give an example of fiscal policy action which governments can take to influence business and the economy
This is done by the government using change in taxation and government expenditure to affect/influence/control/manage the economy.
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Show how this would impact on either inflation or unemployment
It would impact on unemployment by/with the government lowering taxes to create more new jobs. It would impact on inflation by/with the government raising taxes which means more money needs to be printed.
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Describe how the government could use monetary policy action to influence businesses and explain how the business would be affected
This can be done by changing interest rates which make a business being less profitable due to increased demand in the economy as it will be cheaper to borrow and thereby possibly forcing the business to move to a new location.
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Analyse and outline reasons why business locations will change over time
A business location may change due to the cost of labour, tax rates and interest rates changing which will make the business possibly move to a more profitable area.
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Compare Distinguish between Brownfield and Greenfield sites
A “Brownfield site” is a site which has already been used for industrial purposes and is very cheap to build on whereas a “Greenfield site” is extremely expensive and planning permission is hard to get due to being reserved for the nature/wildlife.
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Advise the Government on what they could do to influence Business location decisions- Regional policy
They could do this by giving business incentives which could include rent free sites, tax breaks and good sites for the new factories to be located at.
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Explain why Governments may interfere in a business location decisions (I.e. justify their actions)
They could do this to prevent a business from destroying the wildlife, to prevent a monopoly existing (one business controlling the market), to prevent an overflow of pollution and to make best use of the European social fund.
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Other cards in this set

Card 2

Front

Outline 4 of the main factors affecting business which are planning to go abroad

Back

Language barriers, government/political stability, trade barriers and financial incentives.

Card 3

Front

What are regional policies

Back

Preview of the front of card 3

Card 4

Front

Describe the 5 main government economic objectives

Back

Preview of the front of card 4

Card 5

Front

Give an example of fiscal policy action which governments can take to influence business and the economy

Back

Preview of the front of card 5
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