Which of the Following Is Most Likely to Affect the Location

question 170

Multiple Choice

Which of the following is most likely to affect the location strategy of a manufacturing firm?

• A) appearance/image of the area
• B) utility costs
• C) purchasing power of drawing area
• D) competition in the area
• E) parking availability

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Definitions:

Painting

The process of applying pigment to a surface using tools such as brushes, to create an artistic expression.

Baking Cakes

A process of cooking food by dry heat, especially in an oven, applied specifically to the creation of cakes.

Comparative Advantage

An economic principle that describes the ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of an individual, firm, or country to produce more of a good or service with the same amount of resources as another, making it more efficient.