Post Utme Osustech 2023 Geography Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Osustech Geography examination.

Post Utme Osustech 2023 Geography Objective / Multiple Choice
Question 12 POST_UTME_OSUSTECH • 2023 • GEOGRAPHY • objective

A company is considering two different locations for a new factory. Location A has a high labor cost but is close to the market, while Location B has a low labor cost but is far from the market. Which of the following economic concepts is most relevant to this decision?

Answer Options

A. Opportunity cost
B. Comparative advantage
C. Economies of scale
Correct Answer D. Transportation costs
Correct Answer
D
Correct Option:
Transportation costs

About This Question

This is Post Utme Osustech 2023 Geography Question 12. It is one of the objective questions from the 2023 Post Utme Osustech Geography examination.

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