Edexcel A-level - 4.2.3 - Assessing a country as a production location

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• Further Education (Key Stage 5)

Edexcel A-level - 4.2.3 -

Assessing a country as a production location

Which of the following is a benefit of assessing a country as a production location?

1. Understanding the cultural norms of the country.
2. Lowering the transportation costs of the production process.
3. Increasing the cost of production.
4. Limiting the access to new markets.

Which factor would not be considered when assessing a country as a production location?

1. The political stability of the country
2. The availability of raw materials
3. The level of corruption in the country
4. The size of the country's population

Which of the following is a disadvantage of using a country as a production location?

1. Increased flexibility in production
2. Language barriers
3. Lowering the cost of production
4. Access to a wider range of suppliers

Which of the following is NOT a political factor to consider when assessing a country as a production location?

1. Government stability
2. Political ideology
3. Corruption levels
4. Natural resources

Which of the following is a potential disadvantage of using a country as a production location?

1. Access to new markets
2. Low labor costs
3. Transportation costs
4. Cultural familiarity

Which of the following is a measure of a country's infrastructure?

1. The quality of the country's roads and railways
2. The country's literacy rate
3. The country's Gross Domestic Product (GDP)
4. The country's population size

Which type of risk would be considered when assessing a country as a production location?

1. Market risk
2. Strategic risk
3. Financial risk
4. All of the above

Which of the following best describes the term "resilience" in the context of assessing a country as a production location?

1. The ability to resist a shock or disruption and recover quickly
2. The level of economic development in a country
3. The strength of a country's legal system
4. The ease of doing business in a country

Which of the following strategies is not a way to limit political risk when assessing a country as a production location?

1. Diversifying production across multiple locations
2. Increasing reliance on local suppliers
3. Entering into long-term contracts with suppliers
4. Purchasing political risk insurance

Which of the following factors is not a consideration when evaluating the availability of skilled labor in a country?

1. The country's education system
2. The country's infrastructure
3. The level of unemployment in the country
4. The country's immigration policies

Well done!