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Business Location - Mind Map
Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.
View larger version of the mind map.
- Qualitative Factors
- Working environment
- Ease of access for staff/suppliers
- Quality of the infrastructure - bandwidth, roads, rail links, etc.
- Nearness to ports for import/export
- Quality of labour supplies
- Health and safety considerations
- Opportunities for expansion - planning?
- Ease with which Planning consent can be achieved
- Legislation - employment and tax laws especially
- Possible external economies of scale
- The competition
- International Location
- Ease of access to international markets
- Possible language/cultural issues
- Political stability of the location
- Economic stability of the location
- Perceptions about the amount of 'red tape' associated with the country
- Existence of trade barriers and non tariff barriers
- Quantitative Factors
- Cost
- Fixed Costs
- Site costs
- Availability of grants/subsidies
- Cost of loans associated with set up
- Cost of utilities - gas, water, electricity
- Cost of hiring fixed salaried staff
- Cost/availability of technology
- Variable Costs
- Nearness to market
- Cost of raw materials
- Cost of sourcing supplies
- Transportation costs
- Bulk increasing
- Bulk reducing
- Nearness to a supply of skilled/unskilled labour
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