Weber's least cost theory
Industrial location theories depend on fixed and varied costs with 3 cost categories:
1. Transportation
2. Labor
3. Agglomeration
Open the LocationModels.pdf to review the Industrial Location theories and models.
Open the Weber Least Cost theory.pdf to complete the worksheet.
Transportation methods give businesses and even countries different varied costs depending on the distance of transporting goods and the weight of raw materials and finalized products.
Open the ARE WE THERE YET.ppt to look at different varied costs with transportation.
Open the following websites to find out more about Global Transporation methods: