Business Studies·Scale of operations and location · NSSCO 4.5
Factors influencing the location of a business
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Where should a business set up? In this lesson we tackle one of the biggest, hardest-to-reverse decisions an owner ever makes. We learn the general factors that pull a firm to a place, comment on which factors matter most for a factory, a shop and a service, weigh up locating at home or abroad, and practise suggesting the best location for real Namibian situations.
What you'll learn in this lesson
By the end you should be able to (NSSCO Business Studies 4.5):
- Comment on location factors with particular reference to particular firms/industries (manufacturing business, retailing business, service business)
- Explain factors which influence firms to locate either at home or abroad
- Suggest the best location (at home or abroad) for particular circumstances
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Miss Maria and Mike talk through the whole topic — with the figure and working drawn live.