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Location Planning and Analysis Quiz with Prof

5 Questions

4 Views

Location Planning and Analysis Quiz with Prof

Created by

@IdyllicQuail

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Questions and Answers

In location planning, what are the four options available to existing companies?

Expand an existing facility, shut down one location and move to another, do nothing, acquire a competitor

Expand an existing facility, add new locations while shutting down existing facilities, relocate to a different country, merge with another company

Expand an existing facility, add new locations while retaining existing facilities, shut down one location and move to another, do nothing (correct)

Add new locations while retaining existing facilities, shut down one location and move to another, merge with another company, do nothing

According to the text, what are the assumptions in location cost-volume analysis?

Fixed costs are linear, variable costs are constant, only one product involved

Fixed costs are constant, variable costs are linear, only one product involved (correct)

Fixed costs are constant, variable costs are linear, multiple products involved

Fixed costs vary with output, variable costs are constant, multiple products involved

What are the fixed and variable costs for Location C in the cost-volume analysis example?

$100,000 and $20

$200,000 and $25

$150,000 and $35 (correct)

$250,000 and $30

What is the key consideration in evaluating locations according to the text?

<p>Determining lowest total costs</p> Signup and view all the answers

What is the primary need for location decisions as mentioned in the text?

<p>Growth in demand</p> Signup and view all the answers

Study Notes

Location Planning

Existing companies have four options available to them in location planning:
- Relocating or moving to a new location
- Expanding or adding capacity to an existing location
- Closing or abandoning an existing location
- Retaining the existing location with no changes

Location Cost-Volume Analysis

Assumptions in location cost-volume analysis include:
- Fixed costs remain constant despite changes in output
- Variable costs vary directly with output
- Cost behavior is linear and predictable

Location C Cost-Volume Analysis

Fixed costs for Location C: $10,000
Variable costs for Location C: $50 per unit

Evaluating Locations

Key consideration in evaluating locations: total cost, including both fixed and variable costs

Location Decisions

Primary need for location decisions: to minimize costs and maximize profitability

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Description

Test your understanding of location planning and analysis with this quiz presented by Prof. Alan Lancelot D. Makasiar, MBA, CCBST, CSMC, CEMP, CFPP. Learn about the need for location decisions, marketing strategy, growth in demand, shift in markets, depletion of resources, and the cost of doing business. Explore the four options available to existing companies in location planning.