what do you mean by the concept of least cost with reference to industrial location
Answers
Answered by
1
Answer:
When two raw materials are used, the 'influence area' will be a triangle. Depending upon the nature and type of raw materials (weight loss, M.I., etc.) the location of the industry varies. ... The material index of each raw material and distance of market from the raw material sources decides the least cost location.
Explanation:
mark as brainliest answer
Answered by
1
Answer:
When two raw materials are used, the 'influence area' will be a triangle. Depending upon the nature and type of raw materials (weight loss, M.I., etc.) the location of the industry varies. ... The material index of each raw material and distance of market from the raw material sources decides the least cost location.
Similar questions