In Today's Age of Quick Communication, the Location of a Factory

question 126

True/False

In today's age of quick communication, the location of a factory has little impact on a firm's ability to respond to customer tastes and preferences.

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Definitions:

Self-Actualization

According to Maslow, one of the ultimate psychological needs that arises after basic physical and psychological needs are met and self-esteem is achieved; the motivation to fulfill one’s potential.

Economic Security

The state of having stable income or other resources to support a standard of living now and in the foreseeable future.

Lateral Hypothalamus

An area of the brain that plays a significant role in regulating hunger and thirst.

Ventromedial Hypothalamus

A region of the brain involved in regulating hunger, satiety, and body weight.