Which of the following statements is true regarding location economies?
A) The demand and supply factors heavily influence the productivity of a location.
B) They apply only to service providers.
C) Each production activity generates more value in a particular location than elsewhere.
D) They are restricted to business activities that involve product manufacturing.
Question 2
An Asian jewelry company maintains production facilities in South Korea, Vietnam, and Malaysia. Which of the following is the company exemplifying?
A) lean production
B) decentralized production
C) vertical integration
D) continuous production
Question 3
A British toy company manufactures all of its product lines in a single facility in Europe. Which of the following is the company demonstrating?
A) continuous production
B) lean production
C) centralized production
D) horizontal integration
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