Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 9, Problem 1DCS
Summary Introduction
To discuss: The three reasons that location helps and hinders the success of the business and also explain that what would be a better option if the location is not ideal.
Introduction: The location plays an important role in manufacturing process. The manufacturing factory should be located at a place where
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Students have asked these similar questions
1. Do a comparative analysis of at least two of your competitors in two different locations. 2. Based on your observations. Answer the questions below: • Which of two competitors you have are doing better? Why? • Which of the two has more attractive physical spots? Why? • What locations do you think contains more customer profile? 3. Out of the two chosen locations by your competitors, which one would be the best for your business venture?
A manufacturing firm is considering three potential locations for a new parts manufacturing facility. A consulting firm has assessed three sites based on the four factors supplied by management as critical to the location's success in the table below. Scores are based on 50 = best.
Location
Factor
Weight
A
B
C
Labor Climate
10
35
45
20
Taxes
30
30
40
40
Utilities
20
25
20
45
Wages
40
10
25
25
Which location should be selected and why?
Pick a location for ecotourism in the world.
I would like to pick Costa Rica, where the top five places for ecotourism is Arenal Volcano National Park, Caño Island, Corcovado National Park, Monteverde Cloud Forest Reserve, Tortuguero National Park.
Answer the following questions:
1. What time of the year is it best to visit?
2. Activities to do in the surrounding area.
3. Are there any local tourist enterprises: Restaurants, hotels, and websites dedicated for the attraction?
4. Are there any specific wildlife and environmental protection rules that have been established?
5. If you can, describe how local rights are upheld.
Finally, if you'd like, include the references you used to get your data. I appreciate your support. Thank you!
Chapter 9 Solutions
Understanding Business
Ch. 9.1 - Prob. 9.1AQCh. 9.2 - Prob. 9.2AQCh. 9.2 - Prob. 9.2BQCh. 9.2 - Prob. 1TPCh. 9.2 - Prob. 2TPCh. 9.2 - Prob. 3TPCh. 9.3 - Bakers, like Duff Goldman of Charm City Cakes, add...Ch. 9.3 - Prob. 9.3BQCh. 9.3 - Prob. 9.3CQCh. 9.3 - Prob. 4TP
Ch. 9.3 - Define and differentiate the following: process...Ch. 9.3 - Prob. 6TPCh. 9.3 - Prob. 7TPCh. 9.4 - Prob. 9.4AQCh. 9.4 - Prob. 9.4BQCh. 9.4 - Prob. 9.4CQCh. 9.4 - Prob. 1MEDCh. 9.4 - Prob. 8TPCh. 9.4 - What is the difference between MRP and ERP?Ch. 9.4 - What is just-in-time inventory control?Ch. 9.4 - Prob. 11TPCh. 9.5 - Draw a PERT chart for making a breakfast of...Ch. 9.5 - Prob. 13TPCh. 9 - Prob. 1CECh. 9 - Prob. 2CECh. 9 - Prob. 3CECh. 9 - Prob. 4CECh. 9 - Prob. 1CTCh. 9 - Prob. 2CTCh. 9 - Prob. 3CTCh. 9 - Prob. 1DCSCh. 9 - 3. Discuss some of the advantages and...Ch. 9 - Prob. 5DCSCh. 9 - Prob. 1PPTCh. 9 - Prob. 2PPTCh. 9 - Prob. 1VCCh. 9 - Prob. 2VCCh. 9 - Prob. 3VC
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Select two organizations, one in services and one in manufacturing. What are the key factors that each organization would consider in locating a new facility? What data would you want to collect before evaluating the location options, and how would you collect the data? Explain.arrow_forward3. If you were deciding where to open up a car factory what site and what situation factors would be most important? Be sure to list them separately. Then do the same analysis for if you were deciding where to open up a blue jean factory.arrow_forwardABC Ltd. Wants to choose the best location for its new aluminium plant. The manager of productions and operations has three possible locations to choose from. His assistant recommends that he use the break-even analysis location technique to help determine which location is best based on costs. I. Design a numerical example in order to demonstrate to the Productions and Operations Manager how break-even analysis can be used in this case. II. Demonstrate to the OM manager how to go about choosing the best location using the numerical example you designed above.arrow_forward
- What advantages and disadvantages does each potential location offer?arrow_forwardA manufacturing firm is considering three potential locations for a new parts manufacturing facility. A consulting firm has assessed three sites based on the four factors supplied by management as critical to the location's success. The factor weights and the consultant team scores are given in table 5 below. Scores are based on 50 = best. Location Factors Weights A B C Labour Climate 10 35 45 20 Taxes 30 30 40 40 Utilities 20 25 20 45 Wages 40 10 25 25 1. Which location should be selected? 2. Describe two factors that will affect the location decision of a supermarket and explain why these factors are important to the decision.arrow_forwardA manufacturing firm is considering three potential locations for a new parts manufacturing facility. A consulting firm has assessed three sites based on the four factors supplied by management as critical to the location's success. The factor weights and the consultant team scores are given in table 5 below. Scores are based on 50 = best. LOCATION Factors Weights A B C Labor Climate 10 35 45 20 Taxes 30 30 40 40 Utilities 20 25 20 45 Wates 40 10 25 25 Which location should be selected? iii. Describe two factors that will affect the location decision of a supermarket and explain why these factors are important to the decision.arrow_forward
- Let us assume that a new medical facility, Health-care, is to be located in ABC city. The location factors, weights, and scores (1 = poor, 5 = excellent) for three potential sites are shown in the following table. What is the weighted score for these sites? Which is the best location Sr. Location factor Weight Scores Location 1 Location 2 Location 3 1 Facility utilization 25 3 5 6 2 Total patient per month 25 4 3 5 3 Average time per emergency trip 20 4 3 5 4 Land and construction costs 15 1 4 2 5 Employee preferences 25 5 3 5arrow_forwardCalculate the weighted score for each location (A, B, C, and D) shown in Table. Which location would you recommend? Factor Score for Each Location Location Factor Factor Weight A B C D 1. Labor climate 2. Quality of life 3. Transportation system 4. Proximity to markets 5. Proximity to materials 6. Taxes 7. Utilities Total 5 30 5 25 5 15 15 100 5 2 3 5 3 2 5 4 3 4 3 2 5 4 3 5 3 4 3 5 2 5 1 5 4 5 4 1arrow_forwardRespond 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_forward
- Explain why shouldn't low wage rates alone be sufficient to select a location ?arrow_forwardW hat role does real estate market analysis play in determining the feasibility of specific locations for businesses?arrow_forwardWhat role does real estate market analysis play in determining the feasibility of specific locations for businesses?arrow_forward
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