For Manufacturing Firms,two Dominating Factors in Location Analysis Are Abundance

question 37

True/False

For manufacturing firms,two dominating factors in location analysis are abundance of energy and proximity to raw materials.

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Definitions:

VR

Short for Virtual Reality, a simulated experience that can be similar to or completely different from the real world, using electronic equipment.

MR

Acronym for Market Research, the process of gathering, analyzing, and interpreting information about a market.

CR

Customer Relationship; the management of interactions and relationships between a business and its customers.

Digital Detox

A period of time during which an individual refrains from using digital devices such as smartphones, computers, and social media, to reduce stress and focus on social interactions in the physical world.