10 Questions
What is the most important factor in real estate?
Location
What is a potential advantage of locating facilities around the world?
Inside track to foreign markets
What is a consideration when evaluating a potential facility location?
Local wage rates
What is a potential disadvantage of globalization?
Loss of control of proprietary technology
How many steps are involved in making location decisions?
3
What is the first step in the general procedure for location decision making?
Deciding on the criteria to use for evaluating location alternatives
Which option is not available for existing companies in location planning?
Do nothing indefinitely
Which location decision objective is not affected by accessibility, consumer demographics, and traffic patterns?
Beginning of the supply chain
Which of the following is not a factor for location decisions arising?
A shift in management personnel
Which of the following is not a procedure/tool for evaluating location alternatives?
M-U theory
Explore the importance of location in real estate and facility decisions, along with the factors that affect location choices such as proximity to suppliers and customers. Understand the long-term commitment and financial impact involved in facility location.
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