Final answer:
The subject of this question is Business, specifically related to industrial site location analysis for a small manufacturer. Companies consider various factors including costs of labor and financial capital, proximity to reliable suppliers and customers, quality of transportation and communication networks, level of taxes, and competence of local government. Alfred Weber's Least Cost Location Model is an important tool in determining factory location.
Step-by-step explanation:
The subject of this question is Business. Specifically, it is related to industrial site location analysis for a small manufacturer considering factors such as cost of production, transportation, and availability of skilled labor.
In determining the location for a factory, companies consider various factors including costs of labor and financial capital, proximity to reliable suppliers and customers, quality of transportation and communication networks, level of taxes, and competence of local government. Additionally, environmental regulations are considered but typically account for a small percentage of overall costs.
One important model used in location analysis is Alfred Weber's Least Cost Location Model, which considers transportation costs as a primary factor in determining the optimal factory location.