Location Planning Quiz

Why are location decisions important for organizations?

• They determine the company's logo design.

• They affect the company's marketing strategy.

• They influence the company's employee benefits.

• They dictate the company's product pricing.

What is a common reason for existing organizations to make location decisions?

• To change their corporate logo.

• To increase their product prices.

• To reduce their employee count.

• To expand their market reach.

What factor may force industries reliant on natural resources to relocate?

• Higher labor costs.

• Increased competition.

• Changes in consumer preferences.

• Depletion of basic inputs.

Which of the following is a strategic factor in location decisions?

• Brand recognition.

• Proximity to competitors.

• Long-term commitment.

• Employee satisfaction.

What is the first step in the general procedure for making location decisions?

• Decide on the criteria to use.

• Evaluate the alternatives.

• Identify a small number of community alternatives.

• Identify site alternatives.

Which of the following is a community consideration in location decisions?

• Quality of life.

• Transportation costs.

• Labor availability.

• Energy costs.

What is a key difference between service and manufacturing locations?

• Manufacturing locations focus on revenue.

• Service locations focus on cost.

• Service locations focus on revenue.

• Manufacturing locations focus on convenience.

What is a trend in locations mentioned in the text?

• Reduction in global trade agreements.

• Decreased use of technology.

• Foreign producers locating in the U.S.

• Increased local production.

What is a disadvantage of globalization?

• Legal benefits.

• Transportation costs.

• Increased market access.

• Cost savings.

What does the Cost-Volume-Analysis help determine?

• The best marketing strategy.

• The ideal product design.

• The lowest total costs.

• The most skilled labor.