How does profit motive affect location of manufacturing? What is Weber's Least Cost Theory? What factors does he consider in his model? What is agglomeration? How might labor costs impact the accuracy of Weber's version of Least Cost Theory? Agglomeration often means that competitors are located close to each other. Why is this considered beneficial? What is a break-of-bulk point? How does these impact cost? According to Least Cost Theory, where would the factory of a bulk-reducing industry be located? According to Least Cost Theory, where would the factory of a bulk-gaining industry be located? What are the limitations of Least Cost Theory? Describe what has changed in manufacturing since the least-cost theory was first proposed. What is an industrial park