Business location

• Why is location important for organizations?

  It affects customer access and operational costs
• What trend has emerged regarding work locations after COVID?

  Many people prefer to work from home
• What are the pros and cons of a rural location for a business?

  Cheaper but fewer customers
• What factors should businesses consider when choosing a location?

  Proximity to labor, market, competition, materials
• Why might a business move to a location with high employment?

  To access specific skills and labor
• How does proximity to the market affect a business?

  It increases convenience and revenue potential
• What are the advantages of being close to competition?

  Attracts customers who compare options
• Why is it important for businesses to be near transport areas?

  To limit shipping costs for materials
• Why is Shein effective in operating in China regarding labor?

  Labor is cheap and plentiful
• What ethical issues are associated with Shein's operations in China?

  Loose ethics regarding pay and treatment
• Why does Shein benefit from operating in China regarding materials?

  Access to vast resources and cheap delivery
• Why does Shein operate far from its market and competition?

  To avoid scrutiny of unethical practices
• What are the factors influencing business location decisions?

  • Proximity to labor
  • Proximity to market
  • Proximity to competition
  • Proximity to materials
• What is a major factor for e-commerce businesses when deciding on location?

  Cost
• Why does a specialist ice cream shop need to be close to its market?

  To attract customers effectively
• Why does a small high street clothes retailer need to be near competitors?

  To attract customers comparing options
• Why does a distribution center for e-commerce need to be near labor supply?

  To ensure efficient operations and staffing
• What are the true or false statements regarding business location factors?

  1. Cost is a major factor for e-commerce businesses (True)
  2. A specialist ice cream shop needs proximity to its market (True)
  3. A small high street clothes retailer needs proximity to competitors (True)
  4. A distribution center needs proximity to labor (True)