How Does a Company Decide Where to Locate a Business

question 112

Multiple Choice

How does a company decide where to locate a business facility?

• A) The decision is almost always based on the availability of skilled labour.
• B) The decision usually requires the analysis of several different factors, but the importance of each factor tends to vary according to the specific type of industry.
• C) The decision is made based on the expense of purchasing the land.
• D) The decision usually boils down to where the top manager wants to live.

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Definitions:

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as the internet.

Cost Performance

Evaluation of how well a project or investment manages its budget and resources compared to its planned or expected outcomes.

Implementing Teams

The process of bringing together a group of individuals to work collaboratively towards achieving specific objectives or projects.

Team Concept

The idea that a group of people working together can achieve better outcomes than individuals working in isolation.