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One of the things that is important for light industry is
- a)location near the source of raw material.
- b)accessibility.
- c)large labour force.
- d)ample water supply.
Correct answer is option 'B'. Can you explain this answer?
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One of the things that is important for light industry isa)location ne...
One of the things that is important for light industry is accessibility. An example is electronic industry.
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One of the things that is important for light industry isa)location ne...
Accessibility is crucial for light industry:
Accessibility plays a crucial role in the success of a light industry. Here are some reasons why it is important:
Transportation:
Being accessible means having good transportation links, such as roads, railways, ports, and airports. This is essential for the movement of raw materials, finished products, and employees. An easily accessible location reduces transportation costs and ensures timely delivery of goods.
Market Reach:
An accessible location allows a light industry to reach a wider market. It enables easy distribution of products to customers, suppliers, and other stakeholders. Proximity to major transportation routes can also attract more business opportunities.
Supply Chain Efficiency:
Accessibility improves supply chain efficiency by reducing lead times and increasing responsiveness. A well-connected location enables a light industry to quickly source raw materials, manage inventory, and deliver products to customers. This can enhance competitiveness and profitability.
Competitive Advantage:
In today's globalized economy, accessibility is a key competitive advantage for light industries. Companies that are located in strategic, well-connected areas are better positioned to respond to market changes, adapt to new technologies, and stay ahead of competitors.
In conclusion, while factors like proximity to raw materials, labor force, and water supply are important for a light industry, accessibility should not be overlooked. An easily accessible location can provide numerous benefits and contribute to the overall success and viability of a light industry.
Accessibility plays a crucial role in the success of a light industry. Here are some reasons why it is important:
Transportation:
Being accessible means having good transportation links, such as roads, railways, ports, and airports. This is essential for the movement of raw materials, finished products, and employees. An easily accessible location reduces transportation costs and ensures timely delivery of goods.
Market Reach:
An accessible location allows a light industry to reach a wider market. It enables easy distribution of products to customers, suppliers, and other stakeholders. Proximity to major transportation routes can also attract more business opportunities.
Supply Chain Efficiency:
Accessibility improves supply chain efficiency by reducing lead times and increasing responsiveness. A well-connected location enables a light industry to quickly source raw materials, manage inventory, and deliver products to customers. This can enhance competitiveness and profitability.
Competitive Advantage:
In today's globalized economy, accessibility is a key competitive advantage for light industries. Companies that are located in strategic, well-connected areas are better positioned to respond to market changes, adapt to new technologies, and stay ahead of competitors.
In conclusion, while factors like proximity to raw materials, labor force, and water supply are important for a light industry, accessibility should not be overlooked. An easily accessible location can provide numerous benefits and contribute to the overall success and viability of a light industry.
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One of the things that is important for light industry isa)location near the source of raw material.b)accessibility.c)large labour force.d)ample water supply.Correct answer is option 'B'. Can you explain this answer?
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