2.

importance of costs in the pricing strategy of an

organisation?
Cost is the most important part of pricing because it can quite often decide the profit margin which add up to form the price of the product. So, you would usually here the term Cost Cutting when it comes to large organizations to increase the profit margin but when costs significantly go up they do effect the price of the product but usually manufacturers would like to keep the price constant when there are minor adjustments in cost.

3. New trend in Industrial geography

With the development of socio-economy and the rapid advance of science and technology, the function of industry in the national and regional socio-economic development has been evolving accordingly, leading to the change of industrial location factors and industrial spatial structure.In last decade, such a change was mainly manifested in the enhancing of the influence of technical, social and institutional factors on industrial activities and their to-cation, and the development of international industrial cooperation. To deal with these changes, new methods and contents of industrial geography have been developed, which could be used for reference by Chinese industrial geographers.

4. Empirical research
Empirical research is a way of gaining knowledge by means of direct and indirect observation or experience. Many researchers combine qualitative and quantitative forms of analysis to better answer questions which cannot be studied in laboratory settings, particularly in the social sciences and in education.