Do Now!Discuss…. What businesses are located in your given area? Why do you think that they have chosen to locate in this ...
Locating the Business
Learning ObjectivesBy the end of this lesson you should be able to:1.   Explain the benefits and drawbacks of starting a b...
Factors affecting business                      location?       Discuss….          What are main factors          affectin...
Factors affecting business                      locationLO1LO - Explain the benefits and drawbacks of starting a business ...
You need to start somewhere –               teleworking!      Technology plays a huge part in business location for busine...
Factors affecting business location –          what does the entrepreneur need to                        consider?      Qu...
Factors affecting business location –                    Sort the cards!LO2 - Describe the main quantitative and qualitati...
Learning ObjectivesYou should now be able to:1.   Explain the benefits and drawbacks of starting a business from     home....
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1.9 locating the business - moodle

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1.9 locating the business - moodle

  1. 1. Do Now!Discuss…. What businesses are located in your given area? Why do you think that they have chosen to locate in this area?
  2. 2. Locating the Business
  3. 3. Learning ObjectivesBy the end of this lesson you should be able to:1. Explain the benefits and drawbacks of starting a business from home.2. Describe the main quantitative and qualitative factors affecting location decisions.3. Understand how different businesses will place different emphasis on location factors.4. Use location factors to justify location decisions.
  4. 4. Factors affecting business location? Discuss…. What are main factors affecting business location?LO1 - Explain the benefits and drawbacks of starting a business from home.
  5. 5. Factors affecting business locationLO1LO - Explain the benefits and drawbacks of starting a business from home.
  6. 6. You need to start somewhere – teleworking! Technology plays a huge part in business location for businesses. Most significant – internet as it enables entrepreneurs to work from home. Advantages of teleworking Disadvantages of teleworking • Reduced costs – no premise costs • Difficult to separate work from home • Reduced risk – no commitment to life rental or lease • Hidden costs / set-up costs • Less travel = more work • Feeling of isolation/ loneliness • May suit family commitments • DistractionsLO1 - Explain the benefits and drawbacks of starting a business from home.
  7. 7. Factors affecting business location – what does the entrepreneur need to consider? Quantitative factors Qualitative Factors • Investment appraisal – is the • Suitability of transport links/ investment worth it? infrastructure • What are the set-up costs – compare to • Where is the market located? This could financial gains? be a disadvantage as the customer base become more geographically dispersed. • Cost of transforming the location into a suitable premises. • Quality of labour force • What is the expected income of • Essential to consider: workers in that area? • Nature of the product • Is it a service? • Cost of utilities? • What qualitative factors are most • Cost of transporting goods? important?LO2 - Describe the main quantitative and qualitative factors affecting location decisions.
  8. 8. Factors affecting business location – Sort the cards!LO2 - Describe the main quantitative and qualitative factors affecting location decisions.
  9. 9. Learning ObjectivesYou should now be able to:1. Explain the benefits and drawbacks of starting a business from home.2. Describe the main quantitative and qualitative factors affecting location decisions.3. Understand how different businesses will place different emphasis on location factors.4. Use location factors to justify location decisions.

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