Year 11 Exam > Year 11 Notes > Business Studies for GCSE/IGCSE > Influences on the Choice of Production Location
Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11 PDF Download
Factors to Consider when Choosing a Country to Produce In
- A multinational company (MNC) is a business that has operations in more than one country.
- This can include physical stores, manufacturing plants, factories, offices, and service operations.
- Globalization means that many firms can now consider establishing production locations worldwide rather than just their home country.
Diagram: The Influences on Foreign Location Decisions
- When choosing a location in another country, a business will consider several factors.
Explanation of Factors Considered when Assessing a Country as a Business Location
The Role of Legal Controls on Production Location Decisions
- Laws are regulations established by a country's government to govern the behavior of its citizens and businesses.
- Regulation involves enforcing these laws and ensuring compliance, particularly by businesses.
- Governments and local authorities have the ability to encourage businesses to set up in specific areas.
- In regions facing high unemployment or industrial decline, businesses may be offered grants or tax breaks for job creation or community improvement.
- Conversely, certain factors can discourage businesses from locating in particular areas.
- For instance, areas of outstanding natural beauty may have strict regulations on permitted business activities.
- Similarly, countries with stringent environmental laws may not be appealing to manufacturing companies with high waste production.
- The presence or absence of laws influences businesses' location decisions in two primary ways:
- In Less Economically Developed Countries (LEDCs):
- These countries often have fewer laws and less stringent enforcement, which can attract some businesses.
- Lower costs result from fewer legal requirements, such as waste management standards, and the ability to pay low wages without minimum wage laws.
- Limited legal recourse for employees and customers may also be a factor.
- In More Economically Developed Countries (MEDCs):
- Developed economies with comprehensive legal frameworks can be attractive to businesses seeking:
- Good infrastructure.
- Highly skilled labor.
- High standards of living.
- In Less Economically Developed Countries (LEDCs):
Measures used by Local Government to Influence Location Decisions
Question for Influences on the Choice of Production LocationTry yourself: What factors can discourage businesses from locating in certain areas?View Solution
The document Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11 is a part of the Year 11 Course Business Studies for GCSE/IGCSE.
All you need of Year 11 at this link: Year 11
|
70 videos|94 docs|25 tests
|
FAQs on Influences on the Choice of Production Location - Business Studies for GCSE/IGCSE - Year 11
| 1. How do legal controls impact decisions on where to produce goods? |  |
Ans. Legal controls, such as labor laws, environmental regulations, and tax policies, play a significant role in determining where a company chooses to produce goods. Companies must consider these factors to ensure compliance and minimize risks associated with production location decisions.
| 2. What influences the choice of production location for companies? | |
Ans. Several factors influence the choice of production location for companies, including labor costs, infrastructure, proximity to suppliers and markets, political stability, and access to skilled labor. Companies must carefully evaluate these factors to determine the most suitable location for production.
| 3. How do labor costs impact decisions on where to produce goods? | |
Ans. Labor costs are a critical factor in production location decisions, as they directly impact the overall cost of production. Companies often choose locations with lower labor costs to reduce expenses and remain competitive in the market.
| 4. Why is proximity to suppliers and markets important in production location decisions? | |
Ans. Proximity to suppliers and markets is important in production location decisions because it can help reduce transportation costs, lead times, and risks associated with supply chain disruptions. Being close to suppliers and markets can also improve efficiency and responsiveness to customer demand.
| 5. How does political stability influence decisions on where to produce goods? | |
Ans. Political stability is crucial in production location decisions because it can impact business operations, investments, and overall business environment. Companies tend to prefer locations with stable political systems to minimize risks and ensure continuity in their production activities.
Related Exams
About this Document
|
Nov 24, 2024 Last updated |
Document Description: Influences on the Choice of Production Location for Year 11 2024 is part of Business Studies for GCSE/IGCSE preparation.
The notes and questions for Influences on the Choice of Production Location have been prepared according to the Year 11 exam syllabus. Information about Influences on the Choice of Production Location covers topics
like Factors to Consider when Choosing a Country to Produce In, The Role of Legal Controls on Production Location Decisions and Influences on the Choice of Production Location Example, for Year 11 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Influences on the Choice of Production Location.
Introduction of Influences on the Choice of Production Location in English is available as part of our Business Studies for GCSE/IGCSE
for Year 11 & Influences on the Choice of Production Location in Hindi for Business Studies for GCSE/IGCSE course.
Download more important topics related with notes, lectures and mock test series for Year 11
Exam by signing up for free. Year 11: Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11
Description
Full syllabus notes, lecture & questions for Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11 - Year 11 | Plus excerises question with solution to help you revise complete syllabus for Business Studies for GCSE/IGCSE | Best notes, free PDF download
Information about Influences on the Choice of Production Location
In this doc you can find the meaning of Influences on the Choice of Production Location defined & explained in the simplest way possible. Besides explaining types of
Influences on the Choice of Production Location theory, EduRev gives you an ample number of questions to practice Influences on the Choice of Production Location tests, examples and also practice Year 11
tests
|
Explore Courses for Year 11 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Sample Paper
,past year papers
,mock tests for examination
,ppt
,Exam
,Semester Notes
,Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11
,shortcuts and tricks
,Summary
,Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11
,study material
,Previous Year Questions with Solutions
,Important questions
,Free
,video lectures
,Objective type Questions
,Extra Questions
,Influences on the Choice of Production Location | Business Studies for GCSE/IGCSE - Year 11
,practice quizzes
,Viva Questions
,
Additional Information about Influences on the Choice of Production Location for Year 11 Preparation
Influences on the Choice of Production Location Free PDF Download
The Influences on the Choice of Production Location is an invaluable resource that delves deep into the core of the Year 11 exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Influences on the Choice of Production Location now and kickstart your journey towards success in the Year 11 exam.
Importance of Influences on the Choice of Production Location
The importance of Influences on the Choice of Production Location cannot be overstated, especially for Year 11 aspirants.
This document holds the key to success in the Year 11 exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Influences on the Choice of Production Location Notes
Influences on the Choice of Production Location Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Influences on the Choice of Production Location.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Influences on the Choice of Production Location Notes on EduRev are your ultimate resource for success.
Influences on the Choice of Production Location Year 11 Questions
The "Influences on the Choice of Production Location Year 11 Questions" guide is a valuable resource for all aspiring students preparing for the
Year 11 exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Influences on the Choice of Production Location on the App
Students of Year 11 can study Influences on the Choice of Production Location alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Influences on the Choice of Production Location,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Influences on the Choice of Production Location is prepared as per the latest Year 11 syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup