Which of the following is NOT a major criticism of structural theorists concerning industrial location theory?
A) Location theory focuses on individual firms as abstract entities.
B) Location theory all but ignores the context of the capitalist system.
C) Location theory is focused on the role of the capitalist system in the decision making process.
D) It is unrealistic.
E) It does not consider a model of the firm as a complex organizational structure.

Question

Quizplus · Accepted Answer

This is because location theory is actually focused on how the capitalist system affects businesses in their decision-making process, so it is not a major criticism. The other options are major criticisms, as they suggest that location theory is too abstract or unrealistic, or does not account for important factors such as organizational structure or the broader context of the economy.

Which of the Following Is NOT a Major Criticism of Structural