Question

Decision on location is an important element of _______.

1. setting up a business unit
2. marketing process
3. market research
4. manufacturing process​

Answer 1

Answer:

1. setting up a business unit

Answer 2

Decision on location is an important element of setting up a business.

• The manufacturing process is a very important element of business. It means the procedure of converting raw materials into finished goods for consumption.
• While setting a manufacturing process various factors should be kept in mind like the geographical location of the factory, the weather condition, availability of raw materials, an abundance of cheap and efficient labor, transportation and connectivity, electricity and power, and many other factors need to be considered.