Question

1.What factors should you consider at a community level when deciding on a location for your business? Explain why and how they might become important for businesses

2. What are the factors that are facilitating businesses to consider moving globally? What are some of the benefits and downsides of setting up operations outside their home country for business?

Answer 1

1)

The location for the business suggests that from the community levels the information like the people and vegetation of the area are taken care of. The information of the community levels that the business needs to be taken care of is like:

- Vegetation and soil of the place,

- The location’s transportation to the ports and raw materials,

- The people and the social aspects of the location,

- The economy of the place.

The example here can be taken for the business of Lafarge which has its 36 MT plant in Australia. The business was based out of the limestone mine which was further supplied by the Australian coal mines for its energy needs. Hence the location chosen was either to be in the coal bed or the limited response for the business which would be on the lime bed. For Lafarge, it is on the Lime source in Australia to its home market also has a nearly coal deposit in Northern Australia. So, to achieve the cost benefits based on market knowledge and adaptable business techniques needs to understand. The needed techniques for the business are adopted here with the best of cost analysis based on its local and international business. This shows the aspects that business imparts to the people and the way that the place is kept clean and fare. The people and the soil did not replace anybody but it would have done would have compensated and kept the Factory school to attract the best people in the place and attract the best of talents from across the globe for its location.