What are the three main factors that affect the decision of locating production? briefly describe each.

1) Market, 2) Raw Materials, 3) Labour

Explanation:

The main factors that affect the decition of locating a production business are:

Market: nearness to market will affect directly on the costs of bringin products to the market (transportation costs) and will help to determine the right amount of production because being near let managers to be in touch with the offer and demand.Raw Materials: if the raw materials aren't near to the production location, it's transport costs would increase the overall production's costs, making the business less competitive. For example if the business produces ceramic floors, it would be way more expensive if it doesn't locate near a clay quarry.Labour: the availability of labor might not only cause cost efficency, but also might attract skilled employees for that labour.Other factors:Government: laws, taxes, benefitsLand: land cost, land disponibilitySafetyWaste disposal

It depends on what the venn diagram is over