Market is one of the factor for setting up of industry?
Natural
Sizeable
Locational
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Answer:
The factors affecting the location of industries are the availability of raw material, land, water, labour, power, capital, transport, and market. Industries are situated where some or all of these factors are easily available.
Explanation:
Given below are some factors influencing the location of certain industries :
A. Skilled labour
B. Clean and dustfree environment
C. Government policy
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The market is one of the locational factors for setting up of industries
Explanation:
The market is known as the place where goods and services are exchanged in terms of money.
- Location factors include nearness to the market, hence customers can reach out the products and services.
- Sorting the market location is the complex decision to be conducted as there are many factors which needs to be considered.
Supply chain management strategies should be planned out in the most practical way.
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