Final answer:
The process of designing factories as an ecosystem is called industrial site location analysis.
Step-by-step explanation:
The process of designing factories as an ecosystem is called industrial site location analysis. It involves selecting the best location for a factory based on factors such as cost, infrastructure, workforce, and logistical considerations.
Industrial site location analysis is crucial for businesses to ensure profitability and efficiency. By carefully considering various factors, companies can design factories that optimize production while minimizing costs.
For instance, a company may choose to locate its factory in a developing country with lower labor costs and existing infrastructure. This allows them to benefit from economies of scale and reduce production costs.