Which of the Following Statements About Facility Location Is Most

question 144

Multiple Choice

Which of the following statements about facility location is most accurate?

• A) Very few firms are still influenced by labor costs when making decisions about where to locate.
• B) Recent changes in information technology have led firms to favor locations near major urban areas.
• C) Manufacturers often seek to reduce time-to-market by locating facilities in areas with access to key modes of transportation.
• D) No matter how large they become, most companies ultimately choose to locate major facilities within a few miles of the area in which they started business.

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Definitions:

Personal Characteristics

Individual attributes, including personality traits, habits, and physical features, that define or distinguish one person from another.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of situation in explaining social behavior.

Situational Factors

External influences that affect an individual's behavior and decision-making process in various environments.

Individual Factors

Personal attributes or characteristics that can influence behavior, decisions, and outcomes.