Location of firms of an industry is not influenced by?

A. availability of raw material
B. existence of other firms
C. nearness to the source of money supply
D. government policy

Correct Answer: Option B

B. existence of other firms

Explanation

Industrial locations are complex in nature. These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.