Asked by Genelyn Silva on Jun 22, 2024
Verified
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
Location Strategy
The planning and decision-making process involved in choosing geographical locations for business operations.
Utility Costs
Expenses incurred for basic services provided to a facility, including electricity, gas, water, and sewer services.
Purchasing Power
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
- Evaluate factors affecting the location strategy of manufacturing and service firms.
Verified Answer
Learning Objectives
- Evaluate factors affecting the location strategy of manufacturing and service firms.
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