Which of the following about deciding where to locate a business facility is most accurate?
A)The decision is almost always based on the availability of skilled labour.
B)Making the decision usually requires the analysis of several different factors, but the importance of each factor tends to vary according to the specific type of industry.
C)Companies seldom consider quality of life or legal and political factors because these factors rarely have a noticeable impact on costs of production.
D)The decision usually boils down to where the top manager wants to live.

Question

Quizplus · Accepted Answer

The decision about where to locate a business facility involves analyzing several different factors such as labour costs, transportation accessibility, proximity to suppliers, local taxes and subsidies, market access, and infrastructure. The relative importance of each factor depends on the nature of the industry and the products or services offered. The decision is seldom based on a single factor, and it requires careful consideration of trade-offs and risks. Quality of life and legal and political factors can also be relevant in some cases, especially if they affect the company's ability to attract and retain talent, access markets, or operate smoothly. The top manager's personal preferences are unlikely to be the sole or primary determinant of the location decision.

Which of the Following About Deciding Where to Locate a Business