Factors Influencing Location Selection for Companies
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Available credit finance</p> Signup and view all the answers

    Which of these is NOT mentioned as an important factor in the location selection process?

    <p>Geographical area</p> Signup and view all the answers

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