JAMB Economics 2014 Objective — Question 38
Question 38 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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One major factor that determines the location of an industry is
- A. its proximity to the marketCorrect
- B. the capital base
- C. the social responsibility of the firm
- D. tax exemption grant
Explanation
Proximity to the market is one of the factors considered by firms in locating industry, especially when the product is fragile, awkward in shape, or weight-gaining.
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