Which of the Following Statements Concerning Location Analysis Best Typifies

question 22

Multiple Choice

Which of the following statements concerning location analysis best typifies the situation for most location decisions?

• A)Regional and country level factors are more important than local community factors.
• B)Local community factors are more important than regional and country level factors.
• C)Availability of raw materials tends to be the dominant factor.
• D)Labour costs tend to emerge as the dominant factor.
• E)One or more factors stated dominate the decision.

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Definitions:

Average Person

A hypothetical individual who represents the common or typical characteristics of a group, often used in statistical and economic models.

Trash

Waste material or unwanted items that are discarded, often sent to landfills or recycling centers for disposal.

Commodity Price Index

An index that measures the change over time in the price of a basket of commodities.

Productive Resources

Inputs used in the production of goods and services, such as land, labor, capital, and entrepreneurship.