For Location Decisions,in Contrast to Service Companies Manufacturing Firms Generally

question 27

Multiple Choice

For location decisions,in contrast to service companies manufacturing firms generally look for ______.

• A)revenues
• B)cost minimization
• C)volumes sold
• D)traffic volumes and patterns

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Definitions:

Self-serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures, which can affect self-assessment and behavior.

Attribution

The process of explaining events.

Causal Explanations

Attempts to reveal the reasons or causes behind events, behaviors, or conditions.

Halo Effect

A cognitive bias where an observer's overall impression of a person, brand, or product positively influences their feelings and thoughts about that entity's specific traits.