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What do you understand by a suitable location? Explain its importance with reference to a new manufacturing enterprise.
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written 2.9 years ago by
prajapatijaimin
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Solution:
Critical Appraisal of Weber’s Theory:
Weber’s theory of industrial location has been criticized on the following grounds
(i)
The theory is based on unconvincing, oversimplified, and impractical assumptions.
Firstly, the assumption that there are fixed points of consumption does not accord well with the market conditions in a competitive …
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