Which of the Following Is the Best Example of the Proximity

question 73

Multiple Choice

Which of the following is the best example of the proximity rule that,for service firms,proximity to market is the most important location factor?

• A)Soft drinks are bottled in many local plants,where carbonated water is added to proprietary syrups that may have been shipped long distances.
• B)Few people will travel out-of state for a haircut.
• C)Patients will travel very long distances to have their hernia surgeries performed at Shouldice Hospital.
• D)Furniture makers choose to locate near the source of good hardwoods,even though it means locating near other furniture manufacturers.
• E)Metal refiners (smelters)locate near mines to accomplish significant weight reduction near the metal's source.

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Definitions:

Investment

Allocation of resources, usually money, to generate income or profit, including purchases of bonds, stocks, or property.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.

Aggregate Demand

The sum of economic demand for every product and service, evaluated at a unified price point throughout a defined temporal stretch.

Full Employment

This is a situation in an economy where all available labor resources are being used in the most efficient way possible, typically implying a very low unemployment rate.