Locational Theories

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9th

Last updated 11:36 PM on 12/13/22
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12 Terms

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Coal
________ and Iron Ore combine to make steel and are inputs that are heavier than the final product, so they must be located close to the resource.
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Access
________ to electricity is a big part of the decision on a location.
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Copper
________: A bulk- reducing industry- from BIG… .. to little.
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Steel
A bulk-reducing industry
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Single-market manufacturers
JIT production (Just-In-Time)-cars
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Trucks
short distance delivery because of the ease in quickly loading and unloading
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Trains
used to ship to destinations further out than a days travel
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Ships
long distance cost is very low
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Air
MOST EXPENSIVE FOR ALL DISTANCES
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LOCATIONAL THEORIES
the WHY of the WHERE
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1909 German ECONOMIST
Alfred Weber
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The GOAL of the least cost theory
locate your business WHERE you can minimize transportation costs & maximize agglomeration economies