0
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
Wiki User
∙ 13y ago
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level.
The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are major problems that face before starting business?
before starting any business,businessman has to face many problems like selection of business,location of business,staff problems etc.. he should be careful in choosing his staff ,he should select right people for right job
In which two ways do business compete?
location of the business and merchandise
Which factor of production is used by manufacturing firms for a physical location?
land
What does determinants for location of business unit means?
for setting up a business industry it is important to study some of the aspects such as closeness to market, availability of raw materials ,transportation services ets to reduce the cost of production so as to set a good selling price and be in the competition with other industrial units
What is Dunning's eclectic theory of Foreign direct investment?
To form a unified theory of Foreign Direct Investment- According to John Dunning, FDI will occur when these conditions are satisfied:There is an Ownership advantage- the foreign firm must own some unique competitive advantage that overcomes the disadvantages of competing with the local firms on their home turfs.There is a Location advantage: Undertaking the business activity must be more profitable in a foreign location than undertaking it in a domestic location.There is a Internalization advantage: the firm must benefit more from controlling the foreign business activity than from hiring an indepedent local company to provide the service.source: international business- a managerial prespective
Factors when choosing a business location?
There are a number of factors to consider when choosing a business location. Some of them include nearness to the market, security, population of the place, demand of your core business and so much more.
Factors for choosing a suitable business location?
Choosing your business location requires quite a bit of research, especially into the area in which you want to open your store You must consider whether people will see your business and the other business around your business that sells the same as you do
What are the factors to consider in choosing a business?
Establishing a business of your own is not easy, but if guided by business principles and procedures, you can do it. in running and choosing a business, you need to consider the following: # Availability of Resources. # Market Demands. # Current Business Trends. # Good Location. # Capital or Fund.
What factors are most important in choosing a location for new theater complex?
availability of potential customers for the intended business.
What is Proximity to markets?
Proximity to markets is a business strategy used when choosing a location for a business. Proximity to markets for manufacturing plants puts the plant close to the consumers.
Location of industry?
An area where a firm is situated. It can also be defined as a place or area where business activity takes place.
How to form a business company?
Someone that is looking to form a business or company can do so by following some of these guidelines. Writing a business plan, Choosing a location and registering the business name. More steps on forming a business or company can be found at the website SBA.
When choosing a location for a business the most important factor is?
availability of basic needs at that location.i.e basic needs means light ,water, workers etc
What factors are involved in choosing a location for your business?
THERE ARE NUMBER OF FACTORS TO BE CONSIDERED BEFORE CHOOSING A SITE FOR BUSINESS AS FOLLOWS [A] Availability of custom.[B]Availability of raw material; [c]Infrastructure;[D]Availability of labour both skilled and unskilled.These are some of factors depending on nature of your bussiness.
How to Choose a Business Location?
If you are looking to start a new business it will be extremely important that you select a great spot for your new business. When choosing a new business location, there are several things which you should take into consideration. One of the most important aspects to consider when choosing a new business location is how much foot traffic you will get to come by your business. If you are opening a new retail store, it is very important that it is a convenient and natural place for people to walk by. A good option for a new business would be to choose a retail center which is anchored by either a big box retailer or a grocery store. Both of these stores bring in thousands of customers to a retail center each week.
How does e-business fit into different location within the production chain?
The e-business can make it easier to sell more products. It allows for more people to get access to a company's products.
What are major problems that face before starting business?
before starting any business,businessman has to face many problems like selection of business,location of business,staff problems etc.. he should be careful in choosing his staff ,he should select right people for right job
