GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Locating and relocating a business considers many of the same factors. The main difference involves the objectives of the company at that particular time.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -The main factors that affect location decisions include regional factors, community considerations, and site-related factors. Community factors consist of quality of life, services, attitudes, taxes, environmental regulations, utilities, and development support.

Detailed explanation-2: -The seven factors affecting a location decision in operations management are facilities, competition, logistics, labor, community and site, political risk and incentives, according to Reference for Business.

Detailed explanation-3: -The top five major factors identified that may strongly influence international location decisions generally were: costs, infrastructure, labour characteristics, government and political factors and economic factors.

Detailed explanation-4: -Accessibility. Does your business rely on frequent deliveries? Security. Competition. Business Rates. Skill base in the area. Potential for growth. 16-Oct-2017

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