Commonly, for a Manufacturing Business, the First Priority for Location

question 25

Multiple Choice

Commonly, for a manufacturing business, the first priority for location is:

• A) being close to customers.
• B) being close to wholesalers.
• C) being close to sources of supply.
• D) being close to service industries.

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Definitions:

Exchange Rate

The price of one currency in terms of another, determining how much of one currency can be exchanged for another.

British Goods

Products manufactured in or originating from the United Kingdom, known for their quality and heritage.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Euros

The legitimate monetary unit for the eurozone, adopted by 19 of the European Union's 27 member countries.