The Center of Gravity Method Finds the Best Location of Serving

question 50

True/False

The center of gravity method finds the best location of serving several markets from a distribution point by finding the center of the map.

---

Definitions:

Inventory Account

An account in the financial statements that reflects the value of a company's goods that are available for sale or in the process of being produced for sale.

Consolidated Statement

A financial statement that includes all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries.

Cost Of Goods Sold

Direct costs attributable to the production of goods sold by a company, including material and labor.

Parent's Share

The proportion of equity held in a subsidiary by the parent company, often representing controlling interest.