LOCATION STRATEGY

What is a key concept covered in the introduction to operations management course?

• Human resource management

• Marketing strategies

• Location strategies

• Financial analysis

Which method is used to provide quantitative assessments on location decisions?

• Regression analysis

• Pareto analysis

• SWOT analysis

• Factor rating method

What is the main objective of location decisions according to the text?

• Increase competition

• Maximize the benefit of the firm

• Reduce quality

• Minimize costs

What is a factor to consider when locating a grocery store according to the text?

• Remote location

• High customer traffic

• Low accessibility

• High noise pollution

Which method allows for a rough indication of where to consider building a facility?

• Factor rating method

• Transportation model

• Center of gravity method

• Regression analysis

What is a consideration for selecting sites in the hospitality industry?

• Quality of management

• Number of employees

• Distance from competitors

• Availability of raw materials

Which variable was NOT part of the final regression model for predicting profitability in the hospitality industry?

• State population

• Median income levels

• Price of building

• Number of employees

What is a factor to consider when locating a call center?

• Quality of competition

• Proximity to suppliers

• High visibility location

• Public transportation access

What percentage of profitability could be predicted using the regression model in the hospitality industry?

• 90%

• 75%

• 51%

• 25%

Which method is used to minimize distribution costs for distribution centers?

• Factor rating method

• Center of gravity method

• Transportation model

• Break-even analysis