Which of the following statement regarding FOOT LOOSE INDUSTERIES is correct 1 Location of Foo...........

Geography Industry

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Which of the following statement regarding FOOT LOOSE INDUSTERIES is correct?

1. Location of Foot loose industries are not dependent on any specific raw material, weight losing or otherwise.

2. The important factor in their location is accessibility by road network.

1 only

2 only

Both

None

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Explanation:

Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors such as resources or transport. These industries often have spatially fixed costs, which mean that the costs of the products do not change despite where the product is assembled.