21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344) . Labor productivity • Exchange rates and currency risk . Costs . Political risk, values and culture • Proximity to markets • Proximity to suppliers . Proximity to competitors (Clustering)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344)
• Labor productivity
• Exchange rates and currency risk
. Costs
. Political risk, values and culture
Proximity to markets
Proximity to suppliers
Proximity to competitors (Clustering)
Transcribed Image Text:21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344) • Labor productivity • Exchange rates and currency risk . Costs . Political risk, values and culture Proximity to markets Proximity to suppliers Proximity to competitors (Clustering)
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