Growth & Diffusion of Industrialization - AP Human Geography

Card 1 of 112

0
Didn't Know
Knew It
0
1 of 2019 left
Question

Which of the the following products allows its company to be considered a “footloose firm”?

Tap to reveal answer

Answer

A “footloose company” is not tied to any particular location and can relocate in response to changing economic conditions. All of the products—except diamonds—are either going to cause the companies that produce and sell them to be either market or material oriented. This is because diamonds that are mined are the product that is sold by the company. In other words, there is no assembly required. Subsequently, there is no need to consider the relative merits of locating manufacturing centers closer to raw materials or large markets.

← Didn't Know|Knew It →