Industrial location analysis typically attempts to:
A) minimize costs.
B) maximize sales.
C) focus more on human resources.
D) avoid countries with strict environmental regulations.
E) ignore exchange rates and currency risks.

Question

Quizplus · Accepted Answer

Industrial location analysis is primarily concerned with minimizing costs. This includes analyzing factors such as labor costs, transportation costs, land and facility costs, tax incentives, and availability of raw materials. By minimizing costs, a company can improve its competitiveness and increase profitability. Maximizing sales and focusing on human resources are important considerations for a company, but they are usually secondary to cost considerations in industrial location analysis. Avoiding countries with strict environmental regulations is not always a priority, although it may be a factor if a company operates in a highly regulated industry. Ignoring exchange rates and currency risks is not advisable, as fluctuations in currency values can have a significant impact on a company's profitability.

Industrial Location Analysis Typically Attempts To