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3a) (i)a firm is the basic unit within which factors of prodution are organised for the purpose of producing wealth. it is an entity which specialises in the production and distribution of goods under one administration. e.g Texaco Nig Ltd, Leventis PLC An industry on the other hand is a group of firms producing similar products and under seperate administration.
(3aii) Location of industry is defined simply as the siting or establishment of a firm or industry in a particular place. localisation on the other hand refers to the concentration of firmsor industries producing similar products in an area.
(3b) (i) proximity of source of raw materials:
-cement producing industries should be located close to sources of raw materials to reduce transportation.
-perishable goods like fruits, palm oil industries etec should also be located near their raw materials.
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