Which of the Following Is an Approach to Location Analysis

question 166

Multiple Choice

Which of the following is an approach to location analysis that includes both qualitative and quantitative considerations?

• A) locational cost-volume analysis
• B) factor-rating method
• C) transportation model
• D) center-of-gravity method
• E) make-or-buy analysis

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Quantity Supplied

The amount of a commodity that producers are willing to sell at a particular price at a given period.

Supply

The total amount of a specific good or service that is available to consumers.

Demand Determined

Refers to situations where the quantity of a good or service produced is directly influenced by consumer demand.