Which of the following statements are correct with reference to Weber's industrial location theory? Choose the correct answer from the options given below:

1.It is based on the assumption of a variable physical and cultural landscape.

2.Entrepreneurs have knowledge of the location of raw material and the market.

3.Agglomeration has no role in determining industrial location.

4.There are multiple modes of transportation.

5.It is based on the principle of least cost location.

A2 and 5 only

B1, 2 and 5 only

C3, 4 and 5 only

D2, 3 and 4 only

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