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Business location
Business location in AQA GCSE Business 8132 focuses on how real firms make decisions in the business in the real world part of the course. Students should connect key terms to business context, use evidence from case studies, and explain the likely effect on costs, revenue, profit, cash flow, customers, employees, owners, and other stakeholders. Strong revision separates similar concepts, weighs advantages against disadvantages, and uses figures where calculations or financial evidence are relevant. Exam answers should move beyond definitions by applying the idea to a specific business objective and reaching a justified judgement.
3
Objectives
21
Flashcards
21
Questions
90 min
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Syllabus checklist
What you need to know
3 objective pages available
Location factors3 objectives
- Explain how proximity to the market can influence business location.
- Explain how availability of raw materials and labour can influence business location.
- Explain how competition and costs can influence business location.
Key terms
Exam tips
- Location factors exam tip 1: Use precise subject-specific vocabulary when you explain how to explain how proximity to the market can influence business location..
- Apply Location factors to the business context: Use business evidence from the scenario to link location to cost, revenue, profit, or stakeholder impact.
Common mistakes
- Location factors common mistake 1: Answer by clearly explaining how to explain how proximity to the market can influence business location..
- Avoid confusing efficiency and productivity in Location factors: Use the scenario first, then explain how location affects the business objective, financial outcome, and lenders. Make the final judgement depend on the specific context.
Practice preview
- CycleNest serves local families while changing supplier; the case evidence includes gross profit margin of ?4,192, sales of 792 units, and a 9% change in costs or demand. Which option best applies Explain how proximity to the market can influence business location?
- CloudCart serves price-sensitive customers while using retained profit; the case evidence includes break-even output of ?8,745, sales of 500 units, and a 42% change in costs or demand. Which option best applies Explain how proximity to the market can influence business location?
- Harbour Hire serves commuters while opening a second outlet; the case evidence includes net profit margin of ?5,831, sales of 146 units, and a 26% change in costs or demand. Which option best applies Explain how proximity to the market can influence business location?
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