IB Business and Management OPERATIONS MANAGEMENT 5.5 Location

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IB Business and Management OPERATIONS MANAGEMENT 5.5 Location

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IB Business and Management .com IB Business and Management T he IB Diploma Business and Management course delivered IN STYLE , ONLINE . ©

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z Location, location, location 5.5

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re location z location Refers to the geographic position of a business; i.e. where it’s sited Decision occurs when mgmt need to consider moving to alternative premises (high costs) New businesses = highly significant portion of costs Sunk costs = non recoverable Profound implications on profitability & survival of firm

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z Location decisions

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z Choice of Location

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z Choice of Location

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Choice of Location z

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z Other locational issues

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z International location

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z International location

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z Location & business activity HL Location will have massive impacts on different functional areas of a business personnel marketing production finance As the manager of each dept. what questions would you like answered about any location decision? Question 5.5.1, p. 673 Question 5.5.2, p. 675 Question 5.5.4, p. 680 Question 5.5.5, p. 681