A Major Problem in a Plant Location Decision Based on the Factor-Rating

question 41

True/False

A major problem in a plant location decision based on the factor-rating system is that simple point-rating schemes do not account for the wide variance of costs that may occur within each factor used in the analysis.

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Definitions:

Tax-free Purchases

Transactions exempt from sales tax, often related to purchases made in duty-free shops or certain goods in specific regions or situations.

High Tech

Industries and companies that are involved in developing and producing advanced technology products and services, especially in fields like electronics, software, and biotechnology.

Richer Media

Refers to communication channels or media that are capable of facilitating more engaging and effective interpersonal communication, often through the inclusion of multiple sensory inputs or interactive features.

Equivocality

The existence of multiple and possibly conflicting interpretations or meanings within a communication process or situational context.