Examlex
What is referred to by the term observed frequencies?
Retail or Professional Service
Refers to businesses that sell goods directly to consumers or provide specialized professional services, respectively.
Load-Distance Analysis
A mathematical technique used in facility layout planning to minimize the weighted distances between departments or areas within a facility.
Distribution Centre
A facility that stores products for relatively short periods of time and redistributes them to retailers or directly to customers.
Centre-of-Gravity Model
A method used in location planning that minimizes transportation costs by considering location, weight, and distance.
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