The least-cost theory is better used to tell more about site locations for manufacturing companies than for service-industry corporations because industrial locations are said to be often selected using the presence of natural resources.
Site selection is known to be the ways that are used in looking at or examining different options and seeing their advantages and disadvantages.
Note that Site selection is one that emanated from the needs assessment that has been made. The presence or availability of natural resources is a factor used by local site-selection.
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