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Name:___ Teacher:___2nd Year Geography Christmas TestShort Questions(5 marks each, please attempt all questions, 70 marks)(1) Explain the term footloose industry and give one example. ___(2) Define
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To fill out what are footloose industries, follow these steps:
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Footloose industries are businesses that are not tied to any specific location because they do not require heavy natural resources or a large workforce. They can be easily relocated based on factors like cost, convenience, and market access.
Typically, companies that operate in or are classified as footloose industries may need to file specific reports with local or national authorities to disclose their business operations, impacts, or benefits to the economy.
Filling out reports related to footloose industries involves gathering necessary business data, completing required forms provided by the regulatory agency, and ensuring all information is accurate and complete before submission.
The purpose of identifying and understanding footloose industries is to analyze their economic impact, employment opportunities, and to develop strategies for attracting them to areas that may benefit from their operational flexibility.
Companies typically need to report on operational details, financial performance, employment numbers, and any economic impact assessments related to their activities in order to qualify as a footloose industry.
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