Which of the Following Is the Best Example of the Proximity

question 73

Multiple Choice

Which of the following is the best example of the proximity rule that,for service firms,proximity to market is the most important location factor?

• A)Soft drinks are bottled in many local plants,where carbonated water is added to proprietary syrups that may have been shipped long distances.
• B)Few people will travel out-of state for a haircut.
• C)Patients will travel very long distances to have their hernia surgeries performed at Shouldice Hospital.
• D)Furniture makers choose to locate near the source of good hardwoods,even though it means locating near other furniture manufacturers.
• E)Metal refiners (smelters)locate near mines to accomplish significant weight reduction near the metal's source.

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Definitions:

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus depreciation.

Market Value

Market value refers to the present cost at which a service or asset is available for purchase or sale in a market.

Common Stock Option Warrants

Financial instruments that give the holder the right to purchase a company's common stock at a specified price within a certain time period.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business over a specific period, typically including income statement, balance sheet, and cash flow statement.