Answered: 8 Factors that influence a business…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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8 Factors that influence a business location

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The industry is the place where the raw material is transformed to finish goods which require the proper coordination and combination of the different resource known as input. the resource is the raw material, capital, labour, and machinery. the plant where the transformation or manufacturing is done is called the plant location. so there is a number of factors that influence the decision for the location of plant .like market, trans facilities government facilities and other.

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