In Location Decision Process, Community Location Decision Involves

question 12

Multiple Choice

In location decision process, community location decision involves:

• A) evaluating international monetary policies and cultural practices.
• B) coping with issues such as tariffs, customs, and trade restrictions.
• C) choosing a general region of a country.
• D) selecting a specific city in which to locate.

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Definitions:

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities and then to products or services based on their consumption of those activities.

Machine-Hours

A measure of the amount of time machines are run in the production process, often used as a basis for allocating manufacturing overhead costs.

Batches

Quantities or groups of products produced or processed at the same time.

Product Margins

The profit earned on the sale of a product after subtracting the cost associated with its production and sale.