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IB Diploma · Business Studies · Chapter 31
Ch 31 5.4 Location: complete notes
Neat, exam-ready notebook-style notes for Ch 31 5.4 Location, following the IB Diploma syllabus, SL and HL. This chapter is part of the complete Business Management Notes for IB Diploma Students (SL and HL): All 36 Topics.
Free preview: Ch 31 5.4 Location notes
A quick look at the chapter from our IB Diploma Business Studies notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.
Topics in this chapter
- What you must be able to do
- Why a business locates where it does AO2
- Weighing the factors: tools for a location decision AO2 AO4
- Transport and the weight of the product
- Choosing a location nationally and internationally AO2
- Exchange rates and tariffs
- Reorganizing production: four ways AO3
- Outsourcing and subcontracting AO3
- Offshoring AO3
- Insourcing and reshoring AO3
- Ethics, stakeholders and writing the answer AO3
“I can” checklist: what you must be able to do
- I can explain cost and non-cost factors in the location of production.
- I can compare sites with costs, weighted scoring and a decision tree.
- I can apply location ideas nationally and internationally, including tariffs and exchange rates.
- I can distinguish outsourcing, offshoring, insourcing and reshoring.
- I can evaluate each of the four ways of reorganizing production.
- I can (HL) carry out a make-or-buy comparison and use Hofstede's dimensions.
- I can consider ethics and stakeholders in a location decision.
- I can write an AO3 judgement using the hidden costs and the case figures.
What is inside the full chapter notes
- Concept notes with 7 worked examples (all numbers checked)
- Diagrams: location costs, the where-and-who matrix, landed cost
- Business-management tools: weighted scoring, decision tree, make-or-buy (HL), Hofstede (HL)
- Applying it to a case: AO2 and AO3 paragraphs
- Common mistakes and a command-term "How to score" box
- 12 Quick-check questions, explained
- Paper 1 style case with Section A parts and a 10-mark Section B question
- Paper 2 style quantitative set with an HL part, quick reference and "I can" checklist
What you get in the pack
- All 36 topics of IB Diploma Business Management for students taking Standard Level or Higher Level (first assessment 2024): what a business is, business entities, objectives, stakeholders, growth, multinationals, human resource management, organizational structure, leadership, motivation, culture, communication, industrial relations, sources of finance, costs and revenues, final accounts, ratio analysis, cash flow, investment appraisal, budgets, marketing planning, sales forecasting, market research, the seven Ps, international marketing, operations methods, lean production, location, break-even analysis, crisis management, research and development, management information systems
- Every syllabus statement covered in order, each marked SL or HL, with clear notes, tables and diagrams drawn for these notes
- Worked examples in every topic: calculations and model answers that show how to earn the marks
- Quick-check multiple-choice questions with explained answers, plus original Paper 1 (case study), Paper 2 (quantitative) and, for HL, Paper 3 (social enterprise) style questions with full mark schemes (no past-paper reprints)
- Common mistakes and a how-to-score command-term guide for every topic
- Quick-reference sheet and an "I can" checklist at the end of every topic
- Colour PDF and a black and white copy of every chapter for printing
- Independent notes for IB Diploma students; not endorsed by or affiliated with the International Baccalaureate Organization (IBO)
All chapters in this pack
- Ch 1 1.1-1.2 The nature of business and types of business entity
- Ch 2 1.3 Business objectives
- Ch 3 1.4 Stakeholders
- Ch 4 1.5 Growth and evolution
- Ch 5 1.6 Multinational companies (MNCs)
- Ch 6 2.1 Introduction to human resource management
- Ch 7 2.2 Organizational structure
- Ch 8 2.3 Leadership and management
- Ch 9 2.4 Motivation and demotivation
- Ch 10 2.5 Organizational (corporate) culture (HL)
- Ch 11 2.6 Communication
- Ch 12 2.7 Industrial and employee relations (HL)
- Ch 13 3.1 Introduction to finance
- Ch 14 3.2 Sources of finance
- Ch 15 3.3 Costs and revenues
- Ch 16 3.4 Final accounts
- Ch 17 3.5 Profitability and liquidity ratio analysis
- Ch 18 3.6 Efficiency ratio analysis (HL)
- Ch 19 3.7 Cash flow
- Ch 20 3.8 Investment appraisal
- Ch 21 3.9 Budgets (HL)
- Ch 22 4.1 Introduction to marketing
- Ch 23 4.2 Marketing planning
- Ch 24 4.3 Sales forecasting (HL)
- Ch 25 4.4 Market research
- Ch 26 4.5 The seven Ps of the marketing mix
- Ch 27 4.6 International marketing (HL)
- Ch 28 5.1 Introduction to operations management
- Ch 29 5.2 Operations methods
- Ch 30 5.3 Lean production and quality management (HL)
- Ch 31 5.4 Location
- Ch 32 5.5 Break-even analysis
- Ch 33 5.6 Production planning (HL)
- Ch 34 5.7 Crisis management and contingency planning (HL)
- Ch 35 5.8 Research and development (HL)
- Ch 36 5.9 Management information systems (HL)