Quiz: Competition and Costs in Location Decisions
AQA GCSE Business 8132
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Building on what you've learned, let's test your knowledge of competition and costs in location decisions!
Which of the following is a key factor when deciding on a business location?
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Which factors can increase costs for a business when choosing a location? (Select all that apply)
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Locating near competitors can be {{blank0}} because it allows businesses to {{blank1}} from the same customer base.
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Match the items on the left with their correct pairs on the right
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A business spends £15,000 on rent and £5,000 on utilities annually. What is the total cost of these expenses?
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Why might locating near raw materials reduce costs for a business?
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Match the items on the left with their correct pairs on the right
Which of the following are potential drawbacks of locating far from customers? (Select all that apply)
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Businesses in competitive markets must offer a {{blank0}} or lower {{blank1}} to succeed.
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Match the items on the left with their correct pairs on the right
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What is one reason why a business might choose a location with lower labour costs?
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