Weber's Least Cost Theory [Human Geo]

When was Alfred Weber born?

• May 2 1958

• July 30 1868

• July 30 1869

• July 30 1958

Into which main parts does this Theory branch out?

• Transportation, Labor, Agglomeration

• Cost, Labor, Agglomeration

• Transportation, Labor, Elavoration

• Transportation, Profits, Agglomeration

What does Agglomeration mean?

• A mass of companies clustered together

• The total rate of monthly income

• The total cost of raw materials per ton

• A mass of raw resource deposits clustered together

What happens when multiple source materials are required?

• The production point is moved to where the heaviest raw material is to balance out the industry’s transportation costs.

• Industries may try to find an alternative source of the another raw material deposit where they can find it.

• Industries may attempt to improvise and develop new products to keep themselves up in the market.

• Industries may attempt to synthesize substitutes for replacing the raw resources if there is no alternative

The Least Cost Theory is based around raising profits by decreasing the expenses in transportation and labor.

• True

• False

Transportation - Weber suggests that industries must look for a site with the lowest possible costs for moving raw materials and then their finished products to market.

• True

• False

Labor - When labor costs are low, profits are naturally reduced. Weber suggests that locating industries in regions where cheaper labor is available is the best way to maximize profits within this category.

• True

• False

When was this theory developed?

• 1909

• 1990

• 1919

• 1900

Alfred Weber was a German economist and psychologist

• True

• False - He was only an economist

• False - He was only a psychologist

• False - He was an economist and sociologist and psychologist

• False - He was an economist and sociologist

Where was Weber born?

• Norway

• Uruguay

• Germany

• Italy

• Hungary