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Which of the following is a location analysis technique typically employed by a service organization?Location analysis techniques typically employed by service organizations include: the factor rating method. Which of the following is a step in the procedure for making location decisions? As with capacity planning, managers need to follow a three-step procedure when making facility location decisions….These steps are as follows:
What describes a system that stores and displays information that can be linked to a geographic location?GIS is a computer system that captures, stores, checks, and displays information related to positions on Earth’s surface. The ability to link maps digitally to information enables us to visualize and understand patterns and relationships around us. Geographic information systems, or GIS, provides this link. Does Earth represent a vast integrated system?Earth represents a vast integrated system, Earth represents an open system in terms of energy, Earth represents a closed system in terms of matter, New resources and matter are being added to Earth’s systems all the time. Positive feedback, because the melt ponds absorb more solar energy than the ice did. What is the major difference in focus between a location decision in the service sector vs the manufacturing sector a the focus in manufacturing is on revenue maximization While the focus in service is on cost minimization b the focus in manufacturing is on labor while the focus in service is on raw materials C there is no? The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization. What are the three most important aspects of Globalisation?Globalisation has three main aspects which are economic, political and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture. What are some positive aspects of globalization?What Are the Benefits of Globalization?
 CHAPTER 8: LOCATION STRATEGIES TRUE/FALSE 1.FedEx chose Memphis, Tennessee, for its central location, or "hub," primarily because of the incentives offered by the city of Memphis and the state of Tennessee. False (Global company profile, easy) 2.Generally, the objective of the location decision is to maximize the firm's profit. False (The strategic importance of location, easy) 3.Lists have been developed that rank countries on issues such as “competitiveness” and “corruption.” True (Factors that affect location decisions, easy) 4.When innovation replaces cost as a firm's focus for location decisions, the presence of other state- of-the-art firms is a plus, not a negative, for the firm's competitiveness. True (The strategic importance of location, moderate) 5.The ratio of labor cost per day to productivity, in units per day, is the labor cost per unit. True (Factors that affect location decisions, moderate) 6.For a location decision, labor productivity may be important in isolation, but low wage rates are a more important criterion. False (Factors that affect location decisions, moderate) 7.Unfavorable exchange rates can offset other savings in a location decision. True (Factors that affect location decisions, moderate) 8. An example of an intangible cost, as it relates to location decisions, is the quality of education. True (Factors that affect location decisions, moderate) 9.In location decisions, intangible costs are easier to measure than tangible costs. False (Factors that affect location decisions, moderate) 10.Location decisions are based on many things, including costs, revenues, incentives, attitudes, and intangibles, but not on ethical considerations. False (Factors that influence location decisions, easy) {AACSB: Ethical Reasoning} 11.Manufacturers may want to locate close to their customers, if the transportation of finished goods is expensive or difficult. True (Factors that affect location decisions, moderate) 12.One reason for a firm locating near its competitors is the presence of a major resource it needs. True (Factors that affect location decisions, moderate) 13.The graphic approach to location break-even analysis displays the range of volume over which each location is preferable. True (Methods of evaluating location alternatives, moderate) 189 Which of the following are basic steps in the location decision process?Procedure for Making Location Decisions. Step 1 Identify Dominant Location Factors. In this step managers identify the location factors that are dominant for the business. ... . Step 2 Develop Location Alternatives. ... . Step 3 Evaluate Location Alternatives.. Which of the following is considered economic factors in location decisions?The economic factors usually considered as most important in the location decision include: transportation costs, labor and supply costs, tax structures, material availability and costs, and market demand.
Which of the following is an approach to location analysis that includes both qualitative and quantitative consideration?An approach to location analysis that can include both qualitative and quantitative considerations is: A. the center-of-gravity method.
What is a system that stores and displays information that can be linked to a geographic location?A Geographic Information System (GIS) is a computer system that analyzes and displays geographically referenced information. It uses data that is attached to a unique location.
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Which of the following is a location analysis technique typically employed by a service organization
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