Concerning the Influence That Transportation Costs Have on the Location

question 128

Multiple Choice

Concerning the influence that transportation costs have on the location of industry,which of the following industries has generally attempted to locate production facilities close to resource supplies?

• A) Autos
• B) Steel
• C) Soft drinks
• D) Valuable electronics goods

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Definitions:

Sustainable Competitive Advantage

A long-term value that a company possesses, making it difficult for competitors to replicate or overcome, ensuring continued business success.

Low-Cost Leader

A company that can produce or offer goods and services at a lower cost than its competitors, often leveraging this advantage to dominate market share.

Human Resources (HR) Triad

Refers to the three key roles or functions within HR: strategic partner, employee advocate, and change champion.

Stakeholders

Individuals, groups, or organizations that have a vested interest in the performance, decisions, and success of a company or project, including employees, investors, customers, and suppliers.