When the cost of transporting a product is high relative to its value, locating close to the market a manufacturer plans to serve is critical.

Name: When the cost of transporting a product is high relative to its value, locating close to the market a manufacturer plans to serve is critical.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the cost of transportation is high relative to the value of the product, it becomes cost-effective for the manufacturer to locate close to the market to avoid incurring high transportation costs.

When the Cost of Transporting a Product Is High Relative