Ortiz Alejandra_Location theory. by ALEJANDRA PAOLA ORTIZ VILORIA https://padlet.com/aportizv/8a447jltl9kn0ovs Outline all reasons for directors to look for specific Locations for their organizations. You must be aware of all relevant vocabulary for this topic. Do a summary of the concepts and topics of this unit. Get ready to explain the topics in front of the class. Do not forget to complete reflections. en-us 2023-09-28 12:31:10 UTC 2023-09-28 12:51:37 UTC hello@padlet.com https://padlet.net/icons/png/1f347.png Location Decisions for Businesses: aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724590651 Multifaceted factors and strategies involved in location decisions for businesses; cost considerations, global influences, and sourcing strategies.
  • One of the most critical decisions for a business is choosing its location or deciding on relocation as it grows.
  • Factors influencing location decisions: costs, competition, type of land, labor, infrastructure, government policies, and proximity to suppliers.
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  • Land, labor, and transportation costs are key determinants based on the type of business and its needs.
  • Businesses may opt for proximity to either the market or the source of raw materials based on their production process.
]]> 2023-09-28 12:43:20 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724591605 Competition and Market Dynamics: aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724592363
  • Location decisions are influenced by the proximity to competitors and market dynamics.
  • Retail outlets and businesses often set up near competitors to attract passing trade and establish market presence.
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  • Governments play a crucial role by offering incentives like grants, subsidies, soft loans, and tax rebates to encourage business development.
  • Compliance with labor laws, health, safety, and tax regulations significantly impacts location choices.
]]> 2023-09-28 12:45:10 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724594503 Globalization's Impact on Location: aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724595992
  • Improved communications, trade barrier dismantling, financial market deregulation, and the growth of multinational companies are pull factors for businesses expanding internationally.
  • Push factors for businesses include reducing costs, increasing market share, utilizing extension and defensive strategies to move oversease
]]> 2023-09-28 12:46:05 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724595992 Outsourcing and Offshoring: aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724600058
  • Outsourcing involves contracting peripheral activities to a third party, allowing the business to focus on core operations and potentially reduce costs.
  • Offshoring is subcontracting activities outside the home country, capitalizing on global expertise and cost adventages
]]> 2023-09-28 12:48:43 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724600058 In-housing and Reshoring: aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724600832
  • In-housing is the practice of bringing outsourced activities back into the main business, potentially regaining control and reducing costs.
  • Reshoring involves bringing back jobs lost to offshoring, focusing on quality and local manufacturing.
]]> 2023-09-28 12:49:12 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724600832 aportizv https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724603647 2023-09-28 12:51:09 UTC https://padlet.com/aportizv/8a447jltl9kn0ovs/wish/2724603647