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LOCATION Decisions. Quiz for My Demo lesson. Flashcards | StudBud
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LOCATION Decisions. Quiz for My Demo lesson.
LOCATION Decisions. Quiz for My Demo lesson.
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Business Management, Location decisions.
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
Resources used to produce a good or service
Materials
Inputs
Processes
Outputs
2
The physical space where a company chooses to carry out its business operations is called:
Outsourcing
Place
Location
Physical dimension
3
Factors that lead to a lower average cost of production, due to similar industries clustering together, are called:
offshoring
Just In Time
External economies of scale
efficiency
4
Which of the following factors are most important for an established restaurant expand further in the same country?
Transport links, space and trade relations
Competitors, visibility, space and safety
Proximity to target market, existing rates and support from the government
Trade barriers
5
Which of these is most likely to impact a company’s decision to relocate overseas?
Transportation
Government assistance
Trade barriers
Land cost
6
Which of these has quantitative factors of location only?
management preferences, proximity to the market
political stability, local knowledge
ethical issues, infrastructure
cost of land, government incentives
7
One difference between service and manufacturing operations
Services are tangible vs manufacturing is intangible
Services can be stored v Manufacturing can't be stored
Manufacturing tangible outputs vs service intangible outputs
Services are more expensive than manufactured goods
8
Which factor is
least
likely to affect location decisions?
CEO preference
Transportation
Labour costs
Master production schedule
9
Which of these factors would be most important in terms of location decisions for an online retailer?
Skilled workers
Low labour costs
Cheap land
Close to the target market
10
Which of these has both quantitative and qualitative factors of location?
ethical issues, infrastructure
management preferences, proximity to the market
cost of land, government incentives
political stability, local knowledge
11
Which factors are most important for BYD(car manufacturer) to expand production to cater to increased demand ?
Crime rates and safety
Land cost, availability of labour and infrastructure facilities
Proximity to suppliers and competitors
Visibility, affordability and legislative practices
12
I am confident about my understanding of the factors that influence the location of a business.
False
True
13
Making best use of resources...
Improving resources use
Effectiveness
Efficiency
Efficacy
14
Which is likely to be of most importance, with regard to location, to a retailer with a physical store?
Being close to the target market
Cheap land
Skilled workers
Low labour costs