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Edexcel GCSE Business Locations for Paper 2 Flashcards | StudBud

Explore/Edexcel GCSE Business Locations for Paper 2

Edexcel GCSE Business Locations for Paper 2

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Questions 10

Answers

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