describe the locality of a good factory
vismankaur46:
pls give one line answer
ok sorry
ok i will try
Answers
Answered by
0
Plant location is an important factor that determines the performance of an organization. Planned industrialization offers smooth working of the industry. Also it maintains social and economical structure of the country. In olden days, the location was selected randomly, with convenience of manufacturer and by considering social factors, which caused in failure of an organization.
Plant location selection decision plays a very important role in both manufacturing unit and assembly unit. The location is decided as per nature and size of the organization & product to be manufactured.

Importance of Plant Location:
Plant location with thorough analysis leads the organization towards success. The basic objective of organization is to maximize the profit level. Hence, it will be beneficial for both i.e. newly established business & already established business. The profit maximization can be done by increasing sales price, increasing sales with reduced production cost, by analyzing market trend, nature & level of competition etc. Production cost can also be reduced, if firm is located at a place where all the basic requirements (that fulfill input needs) will be available easily.
Selection of appropriate location is necessary due to following reasons:Plant location partially determines operating and capital cost. It determines the nature of investment.Each plant location requires some basic facilities like transportation, availability of water, electricity, fuel, cheap labors etc.Each prospective location implies a new allocation of capacity to respective market area.Government plays an important role in the choice of the location keeping in view the national benefits.
Plant location selection decision plays a very important role in both manufacturing unit and assembly unit. The location is decided as per nature and size of the organization & product to be manufactured.

Importance of Plant Location:
Plant location with thorough analysis leads the organization towards success. The basic objective of organization is to maximize the profit level. Hence, it will be beneficial for both i.e. newly established business & already established business. The profit maximization can be done by increasing sales price, increasing sales with reduced production cost, by analyzing market trend, nature & level of competition etc. Production cost can also be reduced, if firm is located at a place where all the basic requirements (that fulfill input needs) will be available easily.
Selection of appropriate location is necessary due to following reasons:Plant location partially determines operating and capital cost. It determines the nature of investment.Each plant location requires some basic facilities like transportation, availability of water, electricity, fuel, cheap labors etc.Each prospective location implies a new allocation of capacity to respective market area.Government plays an important role in the choice of the location keeping in view the national benefits.
Answered by
0
1. materials should be available in cheap rate...2.labours should be avialably easily.....3.area should be popular in terms of production
Similar questions