10 Questions
What are some procedures/tools that can be used to evaluate location alternatives?
Load-distance model
What factors can drive the need for location decisions?
Shift in markets
What are some objectives of location decisions according to the text?
Cost and customer service
What are the location options available to existing companies according to the text?
Do nothing
What is a general step in the location decision procedure according to the text?
Evaluate alternatives and make a decision
What is the primary focus of facility location?
Identifying the best location for a service or production facility
What is a key benefit of proximity to customers?
High population density
Why is Silicon Valley an attractive location for certain businesses?
Access to skilled labor
What is a potential disadvantage of globalization?
Increased political risks
How many steps should be followed in making location decisions?
3 steps
Explore the key factors influencing facility location decisions in real estate and production. Topics include proximity to sources of supply, customers, transportation costs, and long-term commitment.
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