(1) Classical location theory only considers one production place in the location subject, while modern location theory considers multiple production places inside and outside the enterprise.
(2) Classical location theory only considers a single part of the location subject (such as the factory part), while modern location theory considers the research, development, design, parts processing, parts assembly, assembly, maintenance, training, circulation and office work of the location subject.
(3) In terms of location objectives, the classical location theory only considers profit (or cost), while the modern location theory considers non-monetary income and satisfaction.
(4) The classical location theory lacks or belittles the specific objectives of location selection, while the modern location theory has specific objectives such as market share, attracting and stabilizing talents, image, reputation, market testing, avoiding exchange rate risks, collecting information and avoiding trade frictions.
(5) The location selection standard of classical location theory is the minimum cost, while modern location theory considers the risks and uncertainties in the above specific objectives.
(6) In the classical location theory, products, scale, sales price, market, labor, equipment, land and freight are all given in advance or considered to be fixed, while in the modern location theory, the novelty, maturity, standardization, differentiation, diversification and diversification of products, the size, sales price, and the locality, region, national and international of the market are considered.
(7) The classical location theory does not consider or despise capital, information, depreciation period, regional culture, decision-making mechanism, dynamic enterprise purpose and enterprise organization, while the modern location theory gives full consideration.