Which of the Following Statements Regarding Location Is True

question 34

Multiple Choice

Which of the following statements regarding location is true?

• A) Location of service facilities should be close to the customers.
• B) Locating a manufacturing plant close to customers is important.
• C) Cost is not an important factor in location decisions.
• D) Firms should always locate where the cheapest labor is available.

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Definitions:

Discontinuous Objectives

Goals that require a significant shift or change in organizational strategy or behavior, often leading to transformative outcomes.

Competitive Environments

The dynamic external system in which businesses compete for resources, customers, and market position.

Sociocultural Environments

The societal and cultural factors that influence an organization's operations, including norms, values, customs, and demographics.

Opportunities

External factors or situations that can be leveraged by a business or organization to achieve its goals.