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Edexcel International GCSE Business | 1.4 Decisions on Location Flashcards | StudBud
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Edexcel International GCSE Business | 1.4 Decisions on Location
Edexcel International GCSE Business | 1.4 Decisions on Location
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1
'Proximity to labour'
means:
Being close to customers.
Being close to competitors.
Being close to raw materials.
Being close to workers.
2
Which of the following is advantage of e-commerce in terms of location decisions for a retail business?
It allows businesses to locate closer to its materials.
It can save on the high cost of fixed premises.
There is less competition.
Improved access to labour.
3
Define the term
proximity
.
How scarce a commodity is.
The availability of something.
The liquidity of an asset.
The closeness of something.
4
Which of the following decision criteria is likely to be most important to a supermarket?
Proximity to market
Proximity to competitors
Proximity to materials
Proximity to labour
5
Define the term
competitor
.
The suppliers of a business.
A business that has left the market.
The consumer of a good or service.
Another business operating in the same market.
6
When a government is deciding whether to approve new building, it is likely to consider:
Proximity to competitors
Proximity to materials
The profit of the business
Traffic and congestion
7
Selling goods or services online:
o-commerce
e-commerce
m-commerce
i-commerce
8
'Proximity to market'
means:
Being close to customers.
Being close to workers.
Being close to raw materials.
Being close to competitors.
9
An agreement between countries to allow free movement of goods and services:
Trade union
Trade bloc
Trade cooperative
Trade embargo
10
What was the main reason for Tesla to choose Nevada for its 'Gigafactory 1'?
The impact of the internet
Proximity to labour
The available space
Proximity to materials
