Question: 2 (14 marks) CASE STUDY: The racing car industry Racing cars are mostly made in Britain, in particular in the area around Oxfordshire and Northhamptonshire.

2 (14 marks) CASE STUDY: The racing car industry Racing cars are mostly made in Britain, in particular in the area around Oxfordshire and Northhamptonshire. Most Formula One teams are based in Britain, as are many Indycar teams. Even those teams not based in Britain are likely to use British services. Motorsport is a flourishing cluster with around 4500 firms working at building, maintaining modifying and restoring cars, making engines and components and providing technical and management services. Almost everything a racing team needs can be found without leaving the area. In light of the case study scenario above, discuss the supply and demand side influencers for the racing car industry with practical examples to support your discussion

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