Home > Asked Questions > Least cost approach in Industrial location is associated with :
Least cost approach in Industrial location is associated with :
(A) Christaller (B) Weber
(C) Smith
(D) Hartshorne
Correct Answer :Weber
Question Asked : OPSC OCS Pre. Exam 2018
Least cost Theory of Industrial location was formulated by Alfred Weber. The theory tries to explain and predict the locational pattern of the industry at a macro scale. It emphasises that firms seek a site of minimum transport and labor cost.....Read more
