Which of the Following Statements Is True Regarding Location Economies

question 9

Multiple Choice

Which of the following statements is true regarding location economies?

• A)The demand and supply factors heavily influence the productivity of a location.
• B)They apply only to service providers.
• C)Each production activity generates more value in a particular location than elsewhere.
• D)They are restricted to business activities that involve product manufacturing.

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Definitions:

Supplier-customer Combinations

Various possible pairings or relationships between suppliers and customers in a market or supply chain.

Mutually Exclusive

Events that cannot happen simultaneously.

Simple Events

In probability, a simple event is a single outcome within a sample space, not composed of other events.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).