There Are Two Basic Strategies for Locating Manufacturing Facilities

question 75

Multiple Choice

There are two basic strategies for locating manufacturing facilities.These are:

• A) concentrating them in the optimal location and serve the world market from there and, concentrate them in markets that are parts of major trade blocks
• B) locate at least one manufacturing facility in each continent in which the firm is active and, concentrate manufacturing at an optimal location
• C) decentralize them in major trading blocks, but not in smaller markets
• D) concentrate them in markets that are part of major trade blocks and, centralizing them at a single location
• E) concentrate them in the optimal location and serve the world market from there and, decentralizing them in various regional or national locations that are close to major markets

Recognize the legal principles surrounding statutory warranties and implied terms in the Sale of Goods Act.

Distinguish between common law and statutory remedies available to consumers for defective goods.

Analyze the legal responsibilities of manufacturers under the Food and Drugs Act for improperly labeled products.

Comprehend the provisions of the Consumer Protection Act regarding unfair business practices and consumer credit.

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Definitions:

Second Term

A subsequent period of office for an elected official, such as a president or governor, immediately following the first term.

Franklin Roosevelt

The 32nd President of the United States who led the country during the Great Depression and World War II, implementing the New Deal.

Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

New Deal Era

The period in U.S. history during the 1930s when President Franklin D. Roosevelt implemented a series of programs, policies, and reforms known as the New Deal to counteract the effects of the Great Depression.