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Location - GCSE Business Definition

Reviewed by: Steve Vorster

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Location refers to the geographical place where a business is situated. The choice of location is a crucial decision for any business, as it can significantly impact operational efficiency, costs, and revenue. Factors influencing location decisions include proximity to customers, availability and cost of labour, transport and infrastructure links, local competition, and government regulations or incentives. For students studying GCSE Business, understanding location is essential for assessing how it affects production capabilities, market access, and the overall success of a business venture.

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Steve Vorster

Reviewer: Steve Vorster

Expertise: Economics & Business Subject Lead

Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.

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