location of firms of an industry is not influenced by?
ECONOMICS
WAEC 2015
location of firms of an industry is not influenced by?
- A. availability of raw material
- B. existence of other firms
- C. nearness to the source of money supply
- D. government policy
Correct Answer: B. existence of other firms
Explanation
Industrial locations are complex in nature. These are influenced by the availabilityof many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.
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