If you were to set up an industry of your own which one would it be? What would be the factors that you would keep in mind before choosing a site? Where would you set it and why?HOTS
Answers
Answer:
If you were to set up an industry of your own which one would it be? What would be the factors that you would keep in mind before choosing a site? Where would you set it and why?HOTS
Explanation:
ans) If I was to set up an industry I would set up an IT industry. The factors to be kept in mind before choosing a site would be
There should be cheap labour available
Uninterrupted supply of power should be available
Transport facility should be there
The government policies are in favour
I would choose an area in Bengaluru to set up an IT industry. This is because Bengaluru is a perfect place to set up an IT industry. It has everything that you need to set up an IT industry.
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● Location factors are the sum of all factors that an enterprise considers when choosing a location, for setting up a new plant, office, warehouse or distribution centre. ... Hard location factors are quantifiable and can be involved directly in the balance sheet of a company. They can be used to measure profitability