Ib Business Unit 5 Summary (Sl) Study Guide Questions And Correct Answers

job production/customised production {Ans: producing a one-off item specially designed for each customer}quantitative factors {Ans: these are measurable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability}optimal location {Ans: a business location that gives the best combination of quantitative and qualitative factors}qualitative factors {Ans: non-measurable factors that may influence business decisions}reshoring {Ans: ending offshoring contracts with overseas suppliers and returning functions or processes to business operations in the home country}social sustainability {Ans: the ability of a community to develop processes and structures which not only meet the needs of its current members but also support the ability of future generations to maintain a healthy community}