ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bulk-gaining
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Weight-Gaining
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Bulk-Reducing
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Weight-losing
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Detailed explanation-1: -Why do manufacturers try to locate its factor as close as possible to its inputs and markets? To cut transportation costs.
Detailed explanation-2: -Perishable-Products Companies To deliver their products to consumers as rapidly as possible, perishable-product industries must be located near their markets.
Detailed explanation-3: -» Bulk-reducing Industry: Because inputs weigh more than the final products, plant location is near market to reduce transportation costs. market. – Critical locational factor for three types of industries. – Production of a product that gains volume or weight during its production.
Detailed explanation-4: -Industry locates close to the market in order to minimize transportation costs with low labor costs. an example would be soft drink bottling because weight is gained so its a bulk gaining.