The locational decision-making of firms is an irrational process.

Question

Quizplus · Accepted Answer

The locational decision-making of firms is a rational process based on various factors such as infrastructure, availability of resources, market demand, government policies, and competition. Firms evaluate different options and choose a location that maximizes their profits and enhances their competitiveness in the market. While there may be some subjective elements or unforeseeable events that can influence the decision-making process, firms generally aim to make a logical and informed choice to minimize risks and optimize their performance.

The Locational Decision-Making of Firms Is an Irrational Process