In Industries Where the Final Product Is Much Less Weighty

question 80

True/False

In industries where the final product is much less weighty or bulky than the materials from which it is made, firms tend to locate production near resource supplies.

---

Definitions:

Remodeling

The process of improving, updating, or altering the structure or layout of a building to enhance its appearance or functionality.

Marginal Costs

The additional charge associated with making one more unit of a product or service.

Fixed Capital

Assets and investments in physical goods such as buildings and machinery that are not consumed in the production process.

Variable Labor

Labor costs that vary directly with the level of production or business activity.