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  • Unit 7: Location: Topic: Business Location Teacher: Nguyen Phuong Anh Group: 3

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    The key factors that determine the optimal location for a business include the cost of land, availability of employees, proximity to markets and raw materials, and existing infrastructure. A business must carefully consider each of these location factors, such as choosing a location near raw materials if transporting finished goods is more expensive than moving raw materials, or selecting a site based on the lowest cost of land and access to qualified workers. The optimal business location depends on balancing these various location factors based on the specific needs of the business.

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    Unit 7

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    The key factors that determine the optimal location for a business include the cost of land, availability of employees, proximity to markets and raw materials, and existing infrastructure. A business must carefully consider each of these location factors, such as choosing a location near raw materials if transporting finished goods is more expensive than moving raw materials, or selecting a site based on the lowest cost of land and access to qualified workers. The optimal business location depends on balancing these various location factors based on the specific needs of the business.

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    10 views15 pages

    Unit 7: Location: Topic: Business Location Teacher: Nguyen Phuong Anh Group: 3

    Uploaded by

    dienviflower
    The key factors that determine the optimal location for a business include the cost of land, availability of employees, proximity to markets and raw materials, and existing infrastructure. A business must carefully consider each of these location factors, such as choosing a location near raw materials if transporting finished goods is more expensive than moving raw materials, or selecting a site based on the lowest cost of land and access to qualified workers. The optimal business location depends on balancing these various location factors based on the specific needs of the business.

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    of 15

    Unit 7 : Location

    Topic : business location


    Teacher: Nguyen Phuong Anh
    Group : 3
    In business, where to located a
    business may be the most important
    decision that can determine success.
    There are many factors that
    determine where a business will
    locate.
    1. Cost of land
    2. Availability of employees
    3. Closeness to market
    4. Closeness to raw material
    5. Infrastructure
    The first, cost of land is very
    important in choosing a good
    location.
    The second, availability of
    employees.
    So, depend on business request about work
    force to business chose a business location
    The third, closeness to the
    market.
    If the cost of transporting the finished
    product is greater than the cost of
    tranporting the raw material
    Business should be located near
    the market.
    In contrast, business should be
    located near the raw material.
    The final, facrors is infrastructure. It
    include the models of transport,water
    and electricity.
    Conclusion, depend on business
    purpose, business should
    consider carefully all factors to
    choose the best location.
    The end!
    Thanks teacher and everybody for listening.
    Group 3 :
    Tung
    Hien
    Nga
    Trang
    Thang

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