Which of the Following Is a Location Analysis Technique Typically

question 102

Multiple Choice

Which of the following is a location analysis technique typically employed by a manufacturing organization?

• A) transportation method
• B) queuing theory
• C) correlation analysis and traffic counts
• D) simulation
• E) demographic analysis

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Definitions:

Microeconomics

The branch of economics that focuses on how human behavior affects the conduct of affairs within narrowly defined units, such as individual households or business firms.

Aggregate Markets

Aggregate markets are large-scale markets that collectively encompass all buyers and sellers in an economy, dealing with the overall demand and supply rather than with individual products.

Postulate Of Economics

Fundamental assumptions that serve as the foundation for economic theories and models, such as rational behavior and market efficiency.

Incentives

Factors, either monetary or non-monetary, that motivate individuals or businesses to act in a certain way.