Learning objectives
Analyse the quantitative and qualitative factors that determine location and relocation decisions.
Compare local, national and international location choices and explain why firms offshore or reshore production and the effects of doing so.
Assess how globalisation influences where businesses choose to locate or relocate.
Explain what determines the scale of operation a business chooses, such as demand, available finance and the owners' objectives.
Explain the causes of internal economies of scale (purchasing, technical, financial, managerial and marketing), external economies of scale and diseconomies of scale.
Analyse how economies and diseconomies of scale change unit (average) costs as output grows.
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