Stock market is one of the factor which has least influence on the location of industries.
What is a system that stores and displays information that can be linked to a geographic location?
A geographic information system (GIS) is a computer system for capturing, storing, checking, and displaying data related to positions on Earth’s surface. GIS can show many different kinds of data on one map, such as streets, buildings, and vegetation.
Which of the following is a location analysis technique typically employed by a manufacturing organization?
Location analysis techniques typically employed by service organizations include: the factor rating method . the center-of-gravity method.
The factor-rating method can consider both tangible and intangible costs. The center-of-gravity method finds the location of a centralized facility, such as a distribution center, that will maximize the organization’s revenue.
Which of the following can be included in tangible costs?
Tangible costs include what a business pays its employees, inventory, computer systems, and land or equipment .
What are the factors affecting facility location?
- Availability of Raw Materials: ...
- Proximity to Markets: ...
- Transport Facilities: ...
- Availability of Power, Fuel or Gas: ...
- Water Supply: ...
- Disposal Facility for Waste Products: ...
- Climatic and Atmospheric Conditions: ...
- Availability of Labour:
What are the factors that affect location decisions?
The top five major factors identified that may strongly influence international location decisions generally were: costs, infrastructure, labour characteristics, government and political factors and economic factors .
What is the major difference in focus between location?
What is the major difference in focus between location decision in the service sector and in the manufacturing center? There is no difference in focus . The focus in manufacturing is revenue maximization, while the focus in service is cost minimization.
What is a system that stores and displays information that can be linked to a geographic location quizlet?
What term refers to the location of competing companies near each other? ... Which of the following techniques might a service or retail organization use to make a location decision? GIS . What is a system that stores and displays information that can be linked to a geographic location?
What is the major difference in focus between a location decision in the service sector vs the manufacturing sector a there is no difference in focus b the focus in manufacturing is on labor while the focus in service is on raw materials C the focus in service is on revenue maximization While the focus in manufacturing?
There is no difference in focus. Answer: A The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization . 2.
Which of the following is not an example of tangible cost?
D. Public transportation facilities are not an example of tangible costs.
What is factor rating method in location analysis?
Factor Rating
This method involves qualitative and quantitative inputs, and evaluates alternatives based on comparison after establishing a composite value for each alternative . Factor Rating consists of six steps: Determine relevant and important factors. Assign a weight to each factor, with all weights totaling 1.00.
When selecting a location service organizations typically focus on minimizing costs?
When selecting a location, service organizations typically focus on maximizing revenue , but minimizing transportation costs is also frequently an objective.
What are examples of direct cost?
- Direct labor.
- Direct materials.
- Manufacturing supplies.
- Wages for the production staff.
- Fuel or power consumption.
What are examples of tangible benefits?
Benefits can be tangible and intangible. The common tangible benefits would be cash flow, cash income, and cost reduction . In essence, it is the net profit gain for a running business.
Is time a tangible cost?
Tangible and Intangible Examples
Intangible costs include the time it takes for your staff to learn the system, and to adjust their work routines to the new technology. If the system is more inconvenient for employees to use, that’s another intangible cost.
