Consideration of situation factors in determining the optimal location for a new factory could refer to … . (1) minimization of the cost of transporting inputs to the factory (2) labour costs, in the case of a labour-intensive industry (3) availability of suitable land to build the factory 4)) access to capital to establish the factory (5) the costs associated with factors of production inside the plant

Consideration of situation factors in determining the optimal location for a new factory could
refer to … .
(1) minimization of the cost of transporting inputs to the factory
(2) labour costs, in the case of a labour-intensive industry
(3) availability of suitable land to build the factory
4)) access to capital to establish the factory
(5) the costs associated with factors of production inside the plant