Geography · Behavioural Location Theory
According to behavioural location theory, consider the following statements: (a) Decision makers operate under imperfect information conditions. (b) Industrial location decisions reflect bounded rationality. (c) Perfect optimization assumption is rejected. (d) Transport cost loses all relevance in location decisions. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a), (b), (c) and (d)
- 2(a), (b) and (c) only✓
- 3(b) and (c) only
- 4(a) and (d) only
Correct answer
(a), (b) and (c) only
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