Location and Scale Quiz 1

What is the main benefit of having a large scale business?

• Higher costs

• Decreased efficiency

• Lower profits

• Economies of scale

Why are location decisions difficult to reverse?

• Low impact on the business

• Short-term nature

• High cost of relocation

• Easily delegated to subordinates

What is the impact of location on a business's size and scale?

• No impact

• Decreased customer base

• Increased customer base

• No influence on operations

What is the nature of location decisions?

• Delegated to subordinates

• Low impact on the business

• Strategic and long-term

• Short-term and easily reversible

What is the role of location in the success of a business?

• No impact on productive efficiency

• No influence on labor access

• Affects customer base and operating costs

• No role

What is the significance of location decisions in business strategy?

• Minimal impact on business operations

• Strategic and long-term implications

• High cost of relocation

• Delegated to lower-level employees

How does location impact the customer base and operating costs of a business?

• No impact on customer base or costs

• Decreased customer base and increased costs

• Increased customer base and decreased costs

• No influence on operations

What are the advantages of a large scale business?

• Higher costs and decreased efficiency

• Minimal impact on profits

• Lower profits and economies of scale

• Increased profits through economies of scale

What factors make location decisions strategic and long-term?

• Delegated to subordinates

• Low impact on the business

• Strategic and long-term

• Short-term and easily reversible

How does location impact the success of a business?

• No impact on productive efficiency

• No influence on labor access

• Affects customer base and operating costs

• No role