Question: What does the term location quotient indicate in the context of location analysis? Group of answer choices The ratio of production costs to sales revenue

What does the term "location quotient" indicate in the context of location analysis?
Group of answer choices
The ratio of production costs to sales revenue
The ratio of a particular industry's employment in a specific area to the national average
The ratio of labor costs to transportation costs
The ratio of fixed costs to variable costs at a particular location

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