Two product factors impact location decisions.These are:

Question

Quizplus · Accepted Answer

The product's value-to-weight ratio and whether it serves universal needs are important factors in location decisions because they determine the cost of transportation and the potential demand for the product in different regions. Products with a high value-to-weight ratio, such as jewelry or electronics, can be transported more easily and cost-effectively than bulkier, heavier products like furniture or construction materials. Similarly, products that serve universal needs, such as food or clothing, are more likely to have consistent demand across different regions, which can make it easier for companies to locate their production or distribution facilities in strategic locations.

Two Product Factors Impact Location Decisions.These Are