Question

good location of an industrial unit must result in most profitable sales and production cost, explain

Answer 1

Answer:

Production costs represent a company's overall expenses ... It must make more than 10 widgets to become profitable.

Answer 2

Good location of an industrial unit result in most profitable sales and production cost because of the following ways-

• If the industrialist forms an industry in a place where labour is easily available, then it will reduce the total cost of the product.
• If the industry is situated in places where transport is easily available it will also reduce the prices of the product.
• The reduced prices of the product leads to increased sales.