Critiques of Industrial Location Models - AP Human Geography

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Question

The least-cost theory is attributed to                     .

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Answer

The least-cost theory is attributed to Alfred Weber. The least-cost theory suggests that all major corporations make their decisions about where to house their production and manufacturing facilities based on the least possible combination of costs, so as to derive the greatest possible profit. It is instrumental for understanding the nature and decision making process of multinational corporations.

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