Location Decisions: Lesson 18: Business IGCSE Business 0450 Teacher Notes & Student Handout 40 MCQs

This lesson, titled “Location Decisions: Strategic Choices for Business Success,” is part of Lesson 18 in the IGCSE Business Studies curriculum with Mr. Nish. Students will gain a comprehensive understanding of the critical factors influencing business location and relocation decisions. The lesson covers both quantitative and qualitative factors, such as the cost of the site, availability and cost of labor, transport costs, infrastructure quality, market potential, and ethical issues. Additionally, it explores the benefits and limitations of locating production in another country, including lower labor costs and access to global markets, alongside challenges like communication problems and cultural differences.

Students will also learn about the role of legal controls, such as planning permission, pollution control laws, and employment regulations, and how these impact business location decisions. Government incentives, including interest-free loans and grants, will be discussed as factors that can influence a business’s choice of location.

The lesson includes practical scenario-based questions and 40 multiple-choice questions, both with and without answers, to test students’ understanding and application of the concepts. Through engaging video content and key terminology, students will be able to recommend and justify appropriate business locations in various circumstances, ensuring a well-rounded grasp of strategic location decisions in the business world.
Key Concepts:
Infrastructure: The basic facilities and services needed for a business to function, such as water, power, and transport.
Government Incentives: Financial aids like interest-free loans or grants provided to businesses to help them locate in a particular area.
Quantitative Factors: Cost of site, availability and cost of labor, transport costs, and market potential.
Qualitative Factors: Size of the site, legal controls, infrastructure quality, and ethical issues