Business location

• Factors affecting location

  • Costs
  • Proximity to market - wants to be close to its customers
  • Type of business - eg. a shop must be on a busy street, whereas a web designer can be set up in a bedroom
  • Transport links - Exports and Imports
  • Availability of resources
  • Technology - eg. WiFi
• A tariff is a tax on foreign goods imported into the country.
• Imports are goods and services purchased from overseas by consumers of businesses. Import = money out
• Exports are goods and services sold abroad. Export = money in
• A quota is a limit on the number of foreign goods imported into a country.