1.4.2 location

Cards (7)

What location is key for businesses?
Proximity to;
Market, materials, labour, competitors, transport
What are the natures of business activity?
Manufacturing, exporting, retailing, tourism
What influences location of manufacturing?
May require specialist resources to be transported to their site and specialist facilities for removal of waste
What influences location of exporting?
May need access to docks, rail or airports in order to distribute goods abroad
What influences location of retailing?
May need to be situated in a busy high street to gain the benefits from passing trade and being located in an area where customers tend to shop
What influences location of tourism?
May need to be near popular tourist attractions such as beaches and famous landmarks
What are benefits of e-commerce?
Lower costs, flexible working hours, access to much larger markets and potential customers, ability to be open 24/7, relatively low price and promotion