21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344)• Labor productivity• Exchange rates and currency risk. Costs. Political risk, values and cultureProximity to marketsProximity to suppliersProximity to competitors (Clustering)

Decision making is the cognitive process through which individuals or groups choose a course of…

Answered: 21. What are the factors that affect…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Although most orga nizations may make the location decisioninfrequently, there are some organizations that make thedecision quite regularly and often. Provide one or two examples.How might their approach to the location decision differfrom the norm?
Problem 8-4 (Algo) A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives, A (new location), B (subcontract), and C (expand existing facilities). Alternative A would involve substantial fixed costs but relatively low variable costs: fixed costs would be $285,000 per year, and variable costs would be $570 per boat. Subcontracting would involve a cost per boat of $2,570, and expansion would require an annual fixed cost of $59,000 and a variable cost of $1,040 per boat. a. Find the range of output for each alternative that would yield the lowest total cost. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number.) A B с Answer is not complete. or to to more b. Which alternative would yield the lowest total cost for an expected annual volume of 70 boats? C. What other factors might be…
Problem 1: A large pharmaceutical chain aims to build a new store to be able to deliver from it to the rest of the mid-west area. By now, three different locations have been selected. Some data about factors, weights and location are provided to make the selection. Locations Factor Weight Peoria Des Moines Chicago Closeness to markets 20 4 7 Labor costs 8 4 Taxes 15 9 7 Closeness to providers 10 10 10
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21. What are the factors that affect location decision? Explain each one briefly. (p. 342-344) . Labor productivity • Exchange rates and currency risk . Costs . Political risk, values and culture • Proximity to markets • Proximity to suppliers . Proximity to competitors (Clustering)