21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344) . Labor productivity • Exchange rates and currency risk . Costs . Political risk, values and culture • Proximity to markets • Proximity to suppliers . Proximity to competitors (Clustering)
21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344) . Labor productivity • Exchange rates and currency risk . Costs . Political risk, values and culture • Proximity to markets • Proximity to suppliers . Proximity to competitors (Clustering)
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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![21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344)
• Labor productivity
• Exchange rates and currency risk
. Costs
. Political risk, values and culture
Proximity to markets
Proximity to suppliers
Proximity to competitors (Clustering)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a6a31d7-a089-43ed-8fa8-28598e92a816%2F1f5d1092-0b31-407a-a754-9c770e2caeb7%2Fymv1ibt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344)
• Labor productivity
• Exchange rates and currency risk
. Costs
. Political risk, values and culture
Proximity to markets
Proximity to suppliers
Proximity to competitors (Clustering)
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