Proximity to needed raw materials is critically important for a service firm.

Question

Quizplus · Accepted Answer

Proximity to raw materials is not as critical for service firms as it is for manufacturing firms. Service firms do not need raw materials for their operations, as their output is often intangible and based on human expertise and labor. Factors like accessibility to customers, availability of skilled labor, and infrastructure can be more important for service firms than proximity to raw materials.

Proximity to Needed Raw Materials Is Critically Important for a Service