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Library
Chapter 8
By Sophie Bejjani
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Last updated over 1 year ago
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Question 1
1.
Draggable item
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Corresponding Item
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Proximity to market
This is how close the business is located to its customers
Proximity to labour
This is how close the business is located to its competitors
Government influence
This is how close the business is located to its workers / labour
Proximity to competition
This is how close the business is located to the supplier or its raw materials
Proximity to supplier materials
Where a business decides to set up its operations
Location
This is when the government gets involved by offering incentives to set up in their country
Trade bloc
A group of countries situated in the same region that join together and enjoy trade free barriers