Business Studies Collins Revision Guide. - StudyGuide.PK

LOCATION (1)Factors affecting the choice of location£Location●●●Certain geographical features of the UK are important forbusinesses, for example the presence of water for cooling in thepower industry and the climate for agriculture. Safety is anotherconsideration so dangerous products are often not made in veryheavily populated areas.The cost of the site is a key factor for many industries. A businesswill need to find out if the type and size of premises is available intheir chosen location at a price they can afford to rent or buy. Thecost to the business will be affected by the amount of support thatlocal, national or EC government will provide. Grants may be madeto cover all or part of the cost of premises in some areas.The availability of people, labour, to work in the business isimportant. Are there sufficient skilled workers available in the area?What are the wages that are expected by these people? Suitabletraining facilities are important too for some businesses.81