Two product factors impact location decisions.These are (1)whether the product serves universal needs and (2)_____________.

Question

Quizplus · Accepted Answer

The product's value-to-weight ratio is an important factor in location decisions as it affects transportation costs and can impact overall profitability. If the product has a high value-to-weight ratio, it may be more cost-effective to locate production closer to the market to minimize transportation costs. Conversely, if the product has a low value-to-weight ratio, it may be more cost-effective to locate production closer to raw materials or other inputs to minimize production costs.

Two Product Factors Impact Location Decisions