Which of the Following Statements About Facility Location Is Most

question 22

Multiple Choice

Which of the following statements about facility location is most accurate?

• A)Very few firms are still influenced by labour costs when making decisions about where to locate.
• B)Recent changes in information technology have led firms to favour locations near major urban areas.
• C)Manufacturers often seek to reduce time-to-market by locating facilities in areas with access to key modes of transportation.
• D)No matter how large they become,most companies ultimately choose to locate major facilities within a few miles of the area in which they started business.

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Definitions:

Social Network

An online platform that facilitates the building of social relations among people who share interests, activities, backgrounds, or real-life connections.

Customer Engagement

The degree and depth of brand-focused interactions a customer chooses to perform online with his or her social network.

Marketing And Promoting

Marketing and Promoting involve strategies and tactics used to identify, create, and maintain satisfying relationships with customers that result in value for both the customer and the marketer.

Product Features

Specific attributes or characteristics of a product that aim to satisfy customers' needs and differentiate the product from competitors.