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Factors Influencing Business Location Explained
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Watch this video if you want to understand how a business chooses where to locate and the factors that influence their decision.
In order to make a business as effective as possible it is vital that the business chooses a suitable location that will have the most positive impact on the business. This video covers the factors that impact where a business decides to locate and the implications of that decision.
There are three key in influences on where a business decides to locate. These are:
● Proximity: how close does the business need to be to… the market, labour, materials and competitors. The business needs to decide which one of these is most important to the business.
● Next is the nature of the business activity. What does the business do? is it in retail, a service or manufacturing. We will look at why these would impact the decision of where to locate next
● The final influence is the internet. How does the internet impact on where a business decides to locate?… do they even need a physical location at all?
The video covers each of these in detail and is great for GCSE revision or A level and BTEC business.
Follow us on the following socials to see even more Business Studies content:
#BusinessStudies #GCSEBusinessStudies #ALevelBusinessStudies
In order to make a business as effective as possible it is vital that the business chooses a suitable location that will have the most positive impact on the business. This video covers the factors that impact where a business decides to locate and the implications of that decision.
There are three key in influences on where a business decides to locate. These are:
● Proximity: how close does the business need to be to… the market, labour, materials and competitors. The business needs to decide which one of these is most important to the business.
● Next is the nature of the business activity. What does the business do? is it in retail, a service or manufacturing. We will look at why these would impact the decision of where to locate next
● The final influence is the internet. How does the internet impact on where a business decides to locate?… do they even need a physical location at all?
The video covers each of these in detail and is great for GCSE revision or A level and BTEC business.
Follow us on the following socials to see even more Business Studies content:
#BusinessStudies #GCSEBusinessStudies #ALevelBusinessStudies
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