Saved Bookmarks
| 1. |
Why is the least cost known as decision making factor for industrial location |
|
Answer» The least cost known as decision making factor for ideal location of an industry because if profit has to be maximum then cost must be minimum. Manufacturing activity tends to locate at most appropriate places where all the factors of industrial location are either available or can be arranged at lower cost.Explanation. Those who invest want profits.. Hence tend to invest on all basic necessities at a comparatively lower cost. |
|