Which of the following statement is correct?
A)The more specialized the business or the greater the relative cost of transporting the product to the customer,the more important proximity to the market is.
B)The less specialized the business or the greater the relative cost of transporting the product to the customer,the more important proximity to the market is.
C)The more specialized the business or the greater the relative cost of transporting the product to the customer,the less important proximity to the market is.
D)None of the above

Question

Quizplus · Accepted Answer

The statement "The more specialized the business or the greater the relative cost of transporting the product to the customer, the more important proximity to the market is" is correct. This is because specialized businesses have a narrower customer base and need to be closer to their target market to increase their chances of reaching customers effectively. Similarly, if the cost of transporting the product to customers is high, it makes more sense to be closer to the market to avoid incurring significant transportation costs.

Which of the Following Statement Is Correct