Most Companies Are Unlikely to Intentionally Provide Shoddy, Harmful, or Unsafe

question 122

Multiple Choice

Most companies are unlikely to intentionally provide shoddy, harmful, or unsafe products because ________.

• A) they won't face liability lawsuits and expensive awards for damages
• B) they want to develop long-term relationships with their customers
• C) they know that customers will shrug off errors for a while
• D) they are confident they can appease consumer groups and regulators
• E) it costs more to provide quality products

Calculate the center of gravity for given locations to determine optimal facility placement.

Recognize the competitive advantages provided by strategic location decisions.

Discern the various location analysis techniques used by service organizations.

Understand how production and transportation costs influence location decisions.

---

Definitions:

Relative-price Variability

The fluctuation in prices of goods and services relative to each other over time, often influenced by various economic factors.

Misallocation

The inefficient distribution or use of resources, often leading to suboptimal economic outcomes.

Nominal Gain

The increase in the monetary value of an asset or investment without adjusting for inflation, representing a simple difference in price.

Real Gain

The increase in value or profit after adjusting for inflation or other external factors that affect purchasing power.