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5.4 Location

Syllabus
First assessment 2024
Topic
5.4
Level
HL

Objective notes

2 learning objectives
5.4.1Location of production

• Analyse reasons for a specific location of production

• Location factors include cost, labour, suppliers, infrastructure, market access, government policy, and environmental issues

5.4.2Reorganizing production

• Evaluate outsourcing or subcontracting, offshoring, insourcing, and reshoring

• Reorganization affects cost, quality, control, flexibility, employment, and reputation

ConceptIB Business Management HL