Facility Location Decisions Have a Long-Term Impact on a Supply

question 55

True/False

Facility location decisions have a long-term impact on a supply chain's performance because it is cost effective to shut down a facility or move it to a different location.

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Definitions:

Creative Destruction

A process through which new innovations cause older technologies or models to become obsolete, promoting progress but also potentially leading to job losses.

Economic Recession

A temporary downturn in economic activity, characterized by decreased trade and industrial output, usually marked by a decrease in the Gross Domestic Product (GDP) for two consecutive quarters.

Automobile Production

The process of manufacturing cars, involving assembly of various components such as engine, chassis, bodywork, and electronics.

Life Expectancy

The average number of years a person is expected to live based on statistical averages, which can vary significantly across different geographical regions and demographics.