What are factors that influence the location of your business?

There are many factors influencing the location of your business. Among them are;

1. Scale of production

2. Supplies and materials

3. Access to markets

4. Suitable labour

5. Cost of premise

6. Transportation and infrastructure

7. Proximity to supporting/other businesses

8. Fair weather/environment conditions

9. Security/social and political stability

10. Government policies

11. Owner’s preferences

PAST YEAR QUESTIONS

1. Do you think MSH should relocate its business? Justify your answer. (6 marks) Feb/Mar 2018/12

2. Identify and explain two possible problems for SJD if it decides to relocate its business. (4 marks) May/June 2018/11

3. Explain two possible problems for a firm of relocating its operations to another country. (6 marks) May/June 2020/12

4. Explain one advantage and one disadvantage to a firm in choosing a location in the city centre. (6 marks) May/June 2020/13

5. 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