WAEC Economics 2021 Theory — Question 13

Question 13 of 26 from the West African Examinations Council (WAEC) Economics 2021 Theory paper, with the correct answer and a full explanation.

3(c). State three factors that can influence where a firm is sited.

Model answer

(i) Proximity to sources of raw materials. (ii) Closeness to the market for the firm's products. (iii) Availability of infrastructural facilities (e.g. power, roads, water).

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