What is the position of the company when the origin of the raw materials used in the industry is gross and all-encompassing?
Answers
Answer:
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41. Which one of the following crop practices refers to crop rotation?
(A) Cultivating more than one crop in the same field in different seasons.
(B) Cultivating the same crop in the same field in different seasons.
(C) Cultivating many crops in the same field in one season.
(D) Cultivating one crop in one season followed by a different crop in the next season in the same field.
Answer: D
Crop rotation is the practice of growing a series of dissimilar/different types of crops in the same area in sequential seasons.
42. When the raw material used in an industry is gross and ubiquitous, the location of the firm will be:
(A) Near the source of raw material
(B) Anywhere between the source of raw material and market
(C) Near the market
(D) Near the capital
Answer: B
Ubiquitous means universal. While gross material losses weight, so least cost location could be anywhere between market and raw material source. If mass of product is greater than localized raw material, least cost location is at market while if it is less it is at source of raw material.
43. In Great Britain a little pulp is produced but paper making is important, while in Sweden pulp manufacture is far more important than paper making because
(A) Great Britain is technologically advanced as compared to Sweden.
(B) Pulp making is raw material oriented, paper making is more market oriented.
(C) Sweden is a poor country.
(D) Great Britain has plenty of forest resources for paper making.
Answer: B
The main reason for decline in paper industry in Sweden is demand and therefore, paper making is market oriented while pulp is bulky and hard to transport and therefore is raw material oriented.