The Group of Location Factors Found to Be Most Important

question 166

Multiple Choice

The group of location factors found to be most important for new manufacturing plants,on the average,is

• A) proximity to markets.
• B) quality of life.
• C) proximity to suppliers and resources.
• D) favorable labor climate.

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Definitions:

Warranty Period

The duration during which a manufacturer or seller promises to repair or replace a product if necessary, under certain conditions.

Warranty Period

The duration in which a manufacturer or seller promises to repair or replace defective products or parts at no additional cost.

Normally Distributed

A term describing a dataset that exhibits the properties of a normal distribution, specifically symmetry around the mean, with a bell-shaped curve where data tails off symmetrically at both ends.

Manufacturer

A company or entity that makes goods for sale by processing raw materials and assembling components, often on a large scale.