Plant a Is Located at the (X, Y) Coordinates of (100

question 56

Multiple Choice

Plant A is located at the (X, Y) coordinates of (100, 200) and has a volume of shipping of 500 units a day. Plant B is located at the (X, Y) coordinates of (150, 400) and has a volume of shipping of 200 units a day. Using the centroid method, which of the following is the X coordinate for the new plant location?

• A) About 100
• B) About 114
• C) About 130
• D) About 150
• E) X coordinate cannot be computed from the data given.

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Definitions:

Deregulation

The process of removing or reducing government regulations and restrictions in an industry, typically with the intention of improving competition and innovation.

Subsidization

The provision of financial assistance by a government or other entity to support or promote a specific industry, commodity, or activity.

Commodification

The process of treating goods, services, ideas, or people as commodities, thus making them subject to trade in a market.

Nationalization

The process by which a government takes control of a previously private sector business or industry.