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Locational Factors for Industry

Locational Factors for Industry - i The higher the skills...

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Locational Factors for Industry The relative importance of these factors changes over time 1. Market a. The industries that navigate towards the market are those with a weight gain in manufacturing or those with a fragile or parishable finished product 2. Raw Materials a. Weight loss in manufacturing; Fragile or parishable raw materials 3. Labor a. Skills b. Attitude c. Cost d. Quantity e. Labor is mobile and if you are willing to pay the price you can get any labor
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Unformatted text preview: i. The higher the skills the more the cost 4. Transportation 5. Footloose a. An industry that lacks an overriding loactional consideration (can be located anywhere) b. More of the world’s industries are Footloose industries The Product Cycle-Rese arch and Develop m ent ph as e-Develops in to the stand ardation phas e (Looking for skilled workers)-Mature industry...
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