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Questions and Answers
What are the primary factors that lead to the industrialization of a particular area for manufacturing?
What are the primary factors that lead to the industrialization of a particular area for manufacturing?
- Credit finance, communication infrastructure, and insurance
- Access to customers, skilled labor, and transportation
- Cost, available infrastructure, and government policies
- Material, labor, and presence of similar manufacturing facilities (correct)
Which of the following is NOT mentioned as an important factor for a company operating in a global environment?
Which of the following is NOT mentioned as an important factor for a company operating in a global environment?
- Available infrastructure
- Labor skill
- Cost
- Proximity to competitors (correct)
What is the purpose of a right location for an organization in the current global competitive environment?
What is the purpose of a right location for an organization in the current global competitive environment?
- To ensure success of the organization
- To provide adequate access to customers
- To provide skilled labor
- All of the above (correct)
Which of the following factors is considered a secondary factor in the location selection process?
Which of the following factors is considered a secondary factor in the location selection process?
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Which of these is NOT mentioned as an important factor in the location selection process?
Which of these is NOT mentioned as an important factor in the location selection process?
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