Business location

State one reason why customer service is important to a business.

State two advantages to a business of having an overdraft.

Explain why cash is important to a business.

Calculate the average rate of return (ARR) for the new coffee machine.

Show your workings.

........ %

Analyse the change in the cost of the pizza dough between 2022 and 2024.

State two factors that influence where to locate a business.

Discuss whether Riley should relocate to a restaurant or continue to operate from the caravan.

In the context of business operations, what does the phrase ‘proximity to market’ refer to?

A Advertising the business specifically to those who live in the local area

B Locating a business close to its potential customers

C Only employing workers who are part of the local community

D Working on a site that is close to a source of raw materials

Identify two possible advantages to a business of being environmentally friendly.

Explain one way climate change might affect business activity.

Analyse how BP’s finance function may influence its ability to meet BP’s objectives.

Calculate the percentage change in BP’s revenue between 2017 and 2019.

Show your workings

Answer........ %

Identify two factors that can affect a company’s revenue.

Identify two reasons why a UK business might choose to locate in another country.

Evaluate how globalisation has influenced where BP locates its businesses.

Which one of the following is a benefit of locating a tomato farm near to a ready supply of labour?

A Ease of recruitment of tomato pickers

B Personal contact with supermarket buyers

C Sales of fresh tomatoes are likely to increase

D The tomatoes will not need to be transported