Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Question
Chapter 8, Problem 2DRQ
Summary Introduction
To respond: To the given statement.
Statement: “Importance of location decision is often vastly overrated and the fact that virtually every type of business located in every section of the country which means there should be no problem in finding suitable location”.
Introduction:
Location is where a firm chooses to site its operations. Location decisions can large effects on expenses and incomes. Location choices are normally quite imperative to both substantial and private companies. The area choice directly affects an operation's expenses and also its capacity to serve clients.
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Respond to the following statement: • “The importance of the location decision is often vastly overrated; the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable location.”
Although most organizations may make the location decision infrequently, there are some organizations that make the decision quite regularly and often. Provide one or two examples. How might their approach to the location decision differ from the norm?
Respond to this statement: “The importance of the location decision is often vastly overrated; thefact that virtually every type of business is located in every section of the country means thereshould be no problem in finding a suitable location.”
Chapter 8 Solutions
Operations Management
Ch. 8.6 - Prob. 1RQCh. 8.6 - Prob. 2RQCh. 8 - Prob. 1DRQCh. 8 - Prob. 2DRQCh. 8 - Prob. 3DRQCh. 8 - Prob. 4DRQCh. 8 - Prob. 5DRQCh. 8 - Prob. 6DRQCh. 8 - Prob. 7DRQCh. 8 - Prob. 8DRQ
Ch. 8 - Prob. 9DRQCh. 8 - Prob. 1TSCh. 8 - Prob. 2TSCh. 8 - Prob. 3TSCh. 8 - Prob. 1CTECh. 8 - Prob. 2CTECh. 8 - Prob. 3CTECh. 8 - Prob. 4CTECh. 8 - Prob. 1PCh. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Prob. 6PCh. 8 - Prob. 7PCh. 8 - Prob. 8PCh. 8 - Prob. 9PCh. 8 - Prob. 10PCh. 8 - Prob. 11PCh. 8 - Prob. 12PCh. 8 - Prob. 13PCh. 8 - Prob. 14PCh. 8 - Prob. 15PCh. 8 - Prob. 1CQ
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- Respond to the following statement: The importance of the location decision is often vastly overrated; the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable location. 1: Appraisal cost would be high so wait for Failure Costarrow_forwardThe importance of the location decision is often vastly overrated; the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable locationarrow_forwardRespond to the following statement: "The importance of location is frequently greatly exaggerated; the fact that almost every type of business is located in every region of the country indicates that locating a suitable location should be effortless.arrow_forward
- Explain some major factos that firms consider when choosing a country in which to locate ?arrow_forwardWhat are the four key approaches for resolving location issues?arrow_forwardAlthough most orga nizations may make the location decisioninfrequently, there are some organizations that make thedecision quite regularly and often. Provide one or two examples.How might their approach to the location decision differfrom the norm?arrow_forward
- Maya ltd. wants to use the Centre of Gravity location technique to determine where to setup itsdistribution centre. I. What is the main objective of using this technique?arrow_forwardMr. Ramjan wants to use the centre of gravity location technique and the break-even location technique to aid with his location decision for a distribution centre. Using a quantitative example for each technique, show how they can be used to aid in making the right decision in regard to the location of this distribution centrearrow_forwardgive 3 examples of unethical behaviours involving location selection and indicate which ethical principle is violated.arrow_forward
- Formulation of the optimal Location Strategies are one of the most important decisions a firm usually makes. Depending on the nature of business, a firm may have to choose the options of proximity to markets, proximity to suppliers and/or proximity to the competitors. With necessary example, please explain the conditions under which a firm may choose these options of proximity to markets, proximity to suppliers and/or proximity to the competitors.arrow_forwardProvide two examples of firms making locations decisions frequently ?arrow_forwardUse the photo attached to answer the following question, 1.Using the centre of gravity location technique, determine the best location that will minimize total travel distance. SHOW WORKINGarrow_forward
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