Perishability of raw materials is a good reason for manufactures to locate near

Question

Perishability of raw materials is a good reason for manufactures to locate near the supplier, not the customer. Reduction in bulk for finished products is a good reason for a manufacturer to locate near the supplier. Clustering among fast food chains occurs because they need to be near their labor supply. An approach to location analysis that includes both qualitative and quantitative considerations is (when subjective evaluation is needed) locational cost-volume factor-rating transportation model assignment method make or buy analysis Which of the following methods best incorporate intangible costs related to a location decision? crossover methods locational break-even analysis factor-rating analysis the transportation method the assignment method Which of the following is not found between OM and Mattering? Price Promotion Place Product None of the above Outsourcing transfers traditional internal activities to outside vendors utilizes the efficiency of outside vendors lets the outsourcing firm focus on its key success factors uses specialized skills of outside vendors All of the above is true of outsourcing. A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of

Explanation / Answer

Answers: 17. B-Factor Rating Method

Factor Rating method is a method of evaluating various location alternatives. It identifies critical success factors and assigns weightages to them.

One with the maximum sum of the products of the score and correspondinmg weight is chosen as the best location alternative.

Answer 18. C: Factor Rating Analysis: It allows most tyoes of information to be included in the model.

Answer 19. E: None of these: We may use elimination technique here all the other 4 options are the 4P's of marketing and they are thus found in marketing for sure.

Answer 20. E All of the above:

The traditional activities of any company may be outsourced to a vendor who can perform them at low cost, please note that traditional activities are not core-competencies for the company.

Outsourcing can happen only of the cost of performing the same is less than doing it in-housem, thus in outsourcing we leverage specialized skills of the vendor we are outsourcing to while the outsourcing company focuses on its core-competency(key success factors) alone.

Thanks!

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