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Assessment to be based on naturally occurring evidence or realistic work environment
Be able to investigate factors affecting the business location.
Identify where customers, existing staff, suppliers, competitors and business services are and decide how close to them the business location should be.
Identify whether there are sufficient skills available for the future staffing needs of the business.
Describe the access to transport links required by customers, suppliers and staff.
Be able to identify different business location options.
Identify different possible locations.
Identify if there are incentive schemes, enterprise zones or any conditions associated with each of the different locations.
Describe the facilities available at each location (for example, leisure facilities, childcare and shops).
Explain the potential effect of each location on customers, existing staff, suppliers, competitors and business services.
Know how to decide which location will best meet the business needs.
Explain what financial factors might influence a decision on a location, including fixed costs, cash flow and profitability.
Explain what legal requirements should be taken into account when deciding on the business location.
Consider the advantages and disadvantages of each location option and decide which location has the most potential to meet the business needs.