Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 3 business studies revision questions and answers set 1

Highlight four ways a trader benefits from localization of industries

 (1m 53s)
1331 Views     SHARE

Download as pdf file

Answer Text:
-A pool of manpower from which the trader can recruit skilled labour
-Other complementary firms are likely to develop alongside
-Firms offering supportive services may develop in the area
-A trader will benefit from the social amenities present in a localized area
-A trader can join other traders and work together hence taking advantage of large scale product


|