Podcast Beta
Questions and Answers
Explain the four steps in the location decision process as outlined in the text.
The four steps in the location decision process are: Step 1: Investigation, where organizations investigate their requirements and conduct an internal SWOT analysis. Step 2: Identification, where potential locations for the facility are identified. Step 3: Evaluation, which involves a detailed comparison of potential locations. Step 4: Selection, where a thorough analysis of the chosen location and government policies is conducted before making the final decision.
What are the disadvantages of selecting a poor location for a facility as mentioned in the text?
The disadvantages of selecting a poor location for a facility include: increased maintenance costs, expensive land purchase and infrastructure construction, difficulty in marketing and transportation, dissatisfaction among employees and workers, and abnormal wastage and process delays.
Why is facility location considered a strategic and logical decision according to the text?
Facility location is considered a strategic and logical decision because it impacts the business's finances and involves evaluating various factors. The organization must make efficient location decisions to ensure the success of the business.