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Title: Business Studies Basics - Location Factors
Description: GCSE AQA Business Studies Unit 1 Location factor Notes; Locating a business, Why to relocate and thinks to think about, the exchange rate and moving abroad.
Description: GCSE AQA Business Studies Unit 1 Location factor Notes; Locating a business, Why to relocate and thinks to think about, the exchange rate and moving abroad.
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Business Studies Unit 1
Business Location Factors
Key points for Locating a Business:
- Transportation Cost - closeness to suppliers
- Expansions Possibilities
- Target Market - how close do your customers need to be?
- Transport system / Infrastructure - closeness to motorways/ports/airports
- Employees - qualifications, skills, availability
- Government Grants - awarded to businesses that set up in areas of high
unemployment
- Internet - Business online so you don't need to be close to customers , delivery costs
- Cost and availability - greenfield and brownfield sites
Why would a business relocate abroad?
- Job loss
- Higher Unemployment
- No franchise
- Liquidation
- New Technology
- Shareholders
Things to think about when relocating abroad:
- Language Barrier
- Rules and regulations
- Currency
- Equipment
1
- Cultures
- Tax
- Cost of moving
- Competitors
- Marketing
- Insurance
The exchange rate:
The price at which one currency is bought and sold for another
...
A currency is
known as being either strong or weak
...
g
...
40
...
K
...
Imports become cheaper because you get more for your money - strong pounds
...
2
Title: Business Studies Basics - Location Factors
Description: GCSE AQA Business Studies Unit 1 Location factor Notes; Locating a business, Why to relocate and thinks to think about, the exchange rate and moving abroad.
Description: GCSE AQA Business Studies Unit 1 Location factor Notes; Locating a business, Why to relocate and thinks to think about, the exchange rate and moving abroad.