Final answer:
High-value products are often produced in limited locations because of their high value-to-weight ratio, allowing for efficient distribution despite higher individual unit costs.
Step-by-step explanation:
High-value products are typically produced in a single location or a handful of locations due to their high value-to-weight ratio. These products have substantial worth relative to their weight, making transportation costs a smaller proportion of the overall cost. In contrast, low-value products have a lower value-to-weight ratio and are usually cheaper to produce in bulk near raw materials (bulk reducing) or markets (bulk gaining). Mass customization products cater to individual preferences on a large scale but still maintain efficiency, often involving modular production systems. Standardized products aim for uniformity and efficiencies of scale, which are usually produced in larger quantities to minimize unit costs.