Question 1

Databases containing such variables as street maps, utilities, population age and income, and the software that analyzes such data for location decisions, are referred to as ________.

Accepted Answer

The answer of Databases containing such variables as street maps,...

Question 2

The ________ method is popular because a wide variety of factors, from education to recreation to labour skills, can be objectively included.

Accepted Answer

The answer of The ________ method is popular because a...

Question 3

When firms build supply chains that include foreign firms, ________ and ________ are issues that raise ethical and legal concerns with operations managers.

Accepted Answer

The answer of When firms build supply chains that include...

Question 4

Identify the changes that have fostered globalization.

Accepted Answer

The answer of Identify the changes that have fostered globalization....

Question 5

________ costs are readily identifiable and can be measured with precision.

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The answer of ________ costs are readily identifiable and can...

Question 6

The ________ is a mathematical technique used for finding the best location for a single distribution point that services several stores or areas.

Accepted Answer

The answer of The ________ is a mathematical technique used...

Question 7

Labour cost per unit is also referred to as ________.

Accepted Answer

The answer of Labour cost per unit is also referred...

Question 8

Political risk, cultural issues, and exchange rates are among those ________ that affect which country will be selected for a location decision.

Accepted Answer

The answer of Political risk, cultural issues, and exchange rates...

Question 9

________ is a cost-volume analysis to make an economic comparison of location alternatives.

Accepted Answer

The answer of ________ is a cost-volume analysis to make...

Question 10

Industrial firms choose locations that minimize cost, but service firms look for locations with good demographics and traffic count because these variables are indicators of good ________.

Accepted Answer

The answer of Industrial firms choose locations that minimize cost,...

Question 11

Why does FedEx use a "hub-and-spoke" airline network, rather than a "point-to-point" network? Describe FedEx's approach to choosing the airports that serve as its hubs.

Accepted Answer

The answer of Why does FedEx use a "hub-and-spoke" airline...

Question 12

________ occurs when competing companies locate near each other because of a critical mass of information, talent, venture capital, or natural resources.

Accepted Answer

The answer of ________ occurs when competing companies locate near...

Question 13

Consider the list of Key Success Factors in your textbook. Why do some items appear at the country level only, while others are present at both country and regional levels? Select one KSF as an example, and use it in your discussion.

Accepted Answer

The answer of Consider the list of Key Success Factors...

Question 14

Which of the following is most likely to affect the location strategy of a manufacturing firm?
A) appearance/image of the area
B) utility costs
C) purchasing power of drawing area
D) competition in the area
E) parking availability

Accepted Answer

Utility costs are a significant factor for manufacturing firms as they can greatly affect operational expenses.

Question 15

FedEx schedules its aircraft using a ________ system, which it credits with reducing package mishandling and delay in transit.

Accepted Answer

The answer of FedEx schedules its aircraft using a ________...

Question 16

The ________ is used to determine the best pattern of shipments from several points of supply to several points of demand.

Accepted Answer

The answer of The ________ is used to determine the...

Question 17

When ________, in addition to creativity and R&D investments, is critical to operations strategy, cost may cease to be the primary focus of location criteria.

Accepted Answer

The answer of When ________, in addition to creativity and...

Question 18

State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms? Answer in a clear, convincing paragraph.

Accepted Answer

The answer of State the fundamental objective of a firm's...

Question 19

Motorola is in an industry where there are intense pressures to keep costs low. Why did Motorola reject a possible location that offered low manufacturing costs?

Accepted Answer

The answer of Motorola is in an industry where there...

Question 20

Geographic Information Systems can assist the location decision by
A) automating centre-of-gravity problems.
B) computerizing factor rating analysis.
C) combining geography with demographic analysis.
D) updating transportation method solutions.
E) giving good Internet placement for virtual storefronts.

Accepted Answer

Geographic Information Systems (GIS) are designed to capture, store, manipulate, analyze, manage, and present spatial or geographic data, which is particularly useful for combining geography with demographic analysis to assist in location decisions.

Quiz 8: Location Strategies