ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
avoid skilled laborers.
|
|
|
minimize production costs inside the plant.
|
|
|
minimize transport costs.
|
|
|
identify unique characteristics of a particular industry.
|
Detailed explanation-1: -Situation factors involve transporting materials to and from a factory. A firm seeks a location that minimizes the cost of transporting inputs to the factory and finished goods to consumers. Site factors result from the unique characteristics of a location. These labor, capital, and land.
Detailed explanation-2: -Site and situation influence the origin, function, and growth of cities and is an important concept to understand when you study cities and urban land use for the AP® Human Geography Exam.
Detailed explanation-3: -The three site factors are labor, capital, and land. A labor-intensive industry has a high percentage of labor in the production process. Learning Outcome 11.2. 7: Explain the distribution of textile and apparel production.
Detailed explanation-4: -Explain the difference between labor intensive and high-wage industries. Labor-intensive is measured as a percentage, whereas high-wage is measured in dollars or other currency.