LOCATION DECISIONS Recap factors affecting location decisions Identify

LOCATION DECISIONS • Recap – factors affecting location decisions • Identify and prioritise factors impacting on location of small businesses • Identify and prioritise factors affecting location of footloose industries

Small Businesses �http: //www. smarta. com/advice/starting-up/how-tostart-a/how-to-start-a-toy-shop

Factors affecting small businesses �Location history – did site have a good track record of successful business activity? �Economic wealth of the area �Footfall during opening hours �Parking factors �Competitors’ locations �Council policies (e. g. limiting some business activities) �Demographic – does local population match target market? �Enterprise Zones – Regionally Assisted Areas

Footloose Industries Examples. . . �Hi Tech Industries �Call Centres �Internet/Web based companies

LOCATION DECISIONS • Recap – factors affecting location decisions • Identify and prioritise factors impacting on location of business start ups/small business • Identify and prioritise factors affecting location of footloose industries

Homework: June 2009 – Steve’s customised cars. (again!) http: //store. aqa. org. uk/qual/gce/pdf/AQA-BUSS 1 -WQP-JUN 09. PDF �Steve believes that it would be best to locate his business at Site A (see Figure 2). Do you agree with him? Justify your view. (17 marks)