Question

which model of location selection considers a diagonal path of movement​

Answer 1

Answer:

A gravity model of location selection does NOT consider diagonal path of movement. This model considers the location which will aid the firm in minimizing the costs of transportation in the market.

Answer 2

The costs should be kept to a minimum by shipping the goods daily. However, as long as the shift will help the company cut expenses, consideration of the move is not required. When choosing the ideal position, diagonal movement is not taken into account by the gravity model of location selection.

Models for gravity:

• According to the gravity model of international commerce, the amount of trade between two nations is inversely related to their economic mass and serves as a gauge of how much friction there is in their respective trade relations.
• The location that reduces the cost of transferring raw materials from the supplier and completed items to the markets served is determined using gravity models.
• Additionally, this model makes the assumption that the cost of shipping increases linearly with the amount sent.

Gravity models offer a simple framework for comprehending the factors that influence international flows, such as trade, migration, or money. Theoretical models like random utility maximization models can be simply used to construct gravity models.

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