When Determining the Location Decision for Industrial Products Like Steel

question 32

Multiple Choice

When determining the location decision for industrial products like steel, what should a company keep in mind?

• A) They serve needs that are the same all over the world.
• B) They have drastic national differences in consumer taste and preference.
• C) The need for local responsiveness for these products is more than consumer products.
• D) It makes sense to produce these products in multiple locations close to major markets.
• E) A plant must operate at the highest minimum efficient scale of output for these products.

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Definitions:

Thermometer

An instrument for measuring and indicating temperature, often used in medical, laboratory, or weather-related contexts.

Digital Thermometer

It's a device used to measure temperature using electronic heat sensors and displays the reading in a digital format.

Axillary Thermometer

A device used to measure body temperature by placing it in the armpit area.

Levothyroxine

A synthetic form of thyroxine (a thyroid hormone) used to treat thyroid hormone deficiencies such as hypothyroidism.