One major factor that determines the location of an industry is?

A. tax exemption grant
B. its proximity to the market
C. the capital base
D. the social responsibility of the firm

Correct Answer:

Option B – its proximity to the market

Explanation

Factors responsible for location of Industries

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.