Factors Influencing Business Location Explained

Watch this video if you want to understand how a business chooses where to locate and the factors that influence their decision. In order to make a business as effective as possible it is vital that the business chooses a suitable location that will have the most positive impact on the business. This video covers the factors that impact where a business decides to locate and the implications of that decision. There are three key in influences on where a business decides to locate. These are: ● Proximity: how close does the business need to be to… the market, labour, materials and competitors. The business needs to decide which one of these is most important to the business. ● Next is the nature of the business activity. What does the business do? is it in retail, a service or manufacturing. We will look at why these would impact the decision of where to locate next ● The final influence is the internet. How does the internet impact on where a business decides to locate?… do they even need a physical location at all? The video covers each of these in detail and is great for GCSE revision or A level and BTEC business. If you want to apply your new found knowledge of factors influencing business location then download the free activity sheet here https://www.tes.com/teaching-resource... If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business:    / twoteachers   Follow us on the following socials to see even more Business Studies content: Instagram:   / twoteachersbusiness   Facebook:   / twoteachersbusiness   Twitter:   / twoteachersbiz   #BusinessStudies #GCSEBusinessStudies #ALevelBusinessStudies