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

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Definitions:

Budget Constraint

Represents the combinations of goods and services a consumer can purchase given their income and the prices of those goods and services.

Income

The financial return or earnings, including wages, salaries, benefits, and investment returns, received by an individual or household over a period of time.

Nuts

Edible seeds encased in a hard shell, often consumed as a snack or used as an ingredient in various dishes.

Berries

Fruits that are characterized by their soft texture and seed-containing interior; commonly consumed fresh or in various culinary preparations.