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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
Location
This is how close the business is located to its competitors
Proximity to supplier materials
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
Government influence
Where a business decides to set up its operations
Proximity to labour
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