What are factors that influence the location of your business?
Updated: Jun 18
There are many factors influencing the location of your business. Among them are;
Scale of production
Supplies and materials
Access to markets
Suitable labour
Cost of premise
Transportation and infrastructure
Proximity to supporting/other businesses
Fair weather/environment conditions
Security/social and political stability
Government policies
Owner’s preferences
PAST YEAR QUESTIONS
Do you think MSH should relocate its business? Justify your answer. (6 marks) Feb/Mar 2018/12
Identify and explain two possible problems for SJD if it decides to relocate its business. (4 marks) May/June 2018/11
Explain two possible problems for a firm of relocating its operations to another country. (6 marks) May/June 2020/12
Explain one advantage and one disadvantage to a firm in choosing a location in the city centre. (6 marks) May/June 2020/13
Do you think a firm should relocate its factories to a low-cost country in Asia? Justify your answer. (6 marks) Oct/Nov 2018/11