Question

Question 23 3 pts Which one of the following is FALSE regarding the site of an industrial location? If inputs, such as raw materials for production are more expensive to transport than products, the optimal location for a factory is near the sources of inputs. The farther something is transported the higher the cost. If the cost of transporting the product to customers exceeds the cost of transporting inputs. then the optimal plant location is as close as possible to the source of raw materials. If the cost of transporting the product to customers exceeds the cost of transporting inputs, then the optimal plant location is as close as possible to the customer. Question 24 Which economic sector is associated with Kondratieff cycles? o quaternary secondary tertiary O primary

Answer 1

Q.23)

(c). If the cost of transporting the product to customers exceeds the cost of transporting the inputs, then the optimal plant location is as close as possible to the source of raw materials.

Only this above statement is false regarding the site of an industrial location because;

(Transportation facilities are essential for bringing raw materials and men to the factory and for carrying the finished products from the factory to the market. At every aspect firm needs to minimise their cost.)

If the cost of transporting the product to the customer excceds than the cost of transporting inputs, then plant location should be near and close to the customer, and shouldn't be close to the raw materials or inputs.

So that the firm can minimise their cost of transportation to the customers, which will leads to increase in profit subsequently.

While other option is correct ie. Farther something is transported means, there is huge gap between plant and other resources/ customer, higher the gap between resources, higher would be the Cost.

Q.24). Quaternary.

Kondratieff cycle's explains that is refer to economic growth which is based on and associated with innovation of technologies, Communication, Information technologies, etc.

And Quaternary sector is also associated with such innovations. Ie. Technologies, IT , communication, etc

While Primary Sector is associated with primary industry.

Secondary sector is associated with manufacturing industry.

And tertiary sector is associated with service industry only.