Asked by Kenrick Mendez on Jul 21, 2024
Verified
Firms focusing on responsiveness tend to
A) locate facilities close to the market they serve.
B) locate facilities very far from the market they serve.
C) find the lowest cost location for their manufacturing facilities.
D) select a high-cost location to be able to react slowly.
Responsiveness
The ability of a company to respond to changes in demand, production, supply, and the market environment quickly and effectively.
Locate Facilities
The process of determining the most strategic places for operations, considering factors like cost, accessibility, and supply chain efficiency.
- Become familiar with the crucial factors in the development of supply chain networks, involving the strategic location of facilities, the apportionment of capacity, and agility regarding market dynamics.
Verified Answer
PD
Pharmacist DanyalJul 23, 2024
Final Answer :
A
Explanation :
Firms that focus on responsiveness aim to quickly respond to customer demands and changes in the market. One way to achieve this is by locating their facilities close to the market they serve, which reduces transportation time and allows them to quickly adapt to changing market conditions.
Learning Objectives
- Become familiar with the crucial factors in the development of supply chain networks, involving the strategic location of facilities, the apportionment of capacity, and agility regarding market dynamics.
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