choosing a business location
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Identify the factors when choosing a business location from the statements below.
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- ered 10.25 stion Which of the following will more likely locate near their customers? Select one: O a. All of the above will tend to locate near their customers. O b. An Insurance company headquarters. O c. An Automobile manufacturer. O d. A Medical clinic e. An Aluminum manufacturer.If an organization is placed in a potentially satisfactory location what do you think is the result? (Explain)When choosing a location, a small business owner should match the characteristics of the labor force her/his company requires with the characteristics of an area's available labor pool. O True O False
- Why should you avoid using the place manager?A manager received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are as follows: Factor Business services Community services Real estate cost Construction costs Cost of living Taxes Transportation A с Thus, Location Score A A B с Thus, 17 17 17 8 6 4 3 2 8 9 B 6 6 Click here for the Excel Data File a. If the manager weights the factors equally, how would the locations stack up in terms of their composite factor rating scores? 8 7 7 19 19 19 5 7 is/are the best. C 6 7 7 6 8 b. If business services and construction costs are given weights that are double the weights of the other factors, how would the locations stack up? is/are best and 4 8 is/are least desirable.Rainbow Company manufactures automobiles and earns high profits. The company has its head office in Muscat and now company has decided to open a new branch office in Sohar. The office building was selected and employees were sent to work over there. After a few months, employees complained about the work environment. The new branch has been facing some problems in its work settings. The new branch was situated just near to a big aluminum factory. The employees complained that they can’t focus on work because of too much noise coming from the factory. The branch was situated far from the main city, so mobile signals were less and employees had to go far if they wanted lunch from the hotel. It was also noticed by the management that overall performance of employees was less than the performance of Muscat Employees. Questions: 1- What are the psychological reasons for employees’ low performance? 2- Suggest from your own mind, that how can these problems of the work environment be…
- A manager has received an analysis of several cities being considered for a new order fulfillment center (warehouse) for the Shop at Home Network. The scores (scale is 10 points = best) are contained in the table below. Factor Business services Community services Real estate cost Construction costs Operating costs Business taxes Transportation costs W 7 5 7 8 5 6 8 X 9 7 3 6 4 9 6 Y 5 6 7 5 7 6 7 Z 4 7 6 5 6 4 8 i. If the manager weights the factors equally, how would the locations be ranked? ii. If transportation costs and real estate costs are given weights that are triple the weights of the others, should the locations be ranked differently?Select all of the examples of companies locating a facility because of resource асcess. O A company that supplies products to the US and European markets locates their production facility in southeast Asia. A major retailer is located in several major cities across the country. O A company locates a processing facility adjacent to the supplier's mining operations. O A business management consulting firm locates in the same cities as prestigious universities.Exhibit A. Southland Corporation’s decision to produce a new line of recreational products resulted in the need to construct either a small plant, medium or large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: Long-run Demand Plant Size Low Medium High Small 225 280 300 Medium 120 280 370 Large 75 280 750 Referring to Exhibit A, Assume that the prior probabilities for low, medium and high demand are 0.2, 0.5 and 0.3, respectively. d. Construct a decision tree and solve this problem. Which decision alternative should be chosen and what is the expected payoff? e. Consolidate the data and results in a table and update the decision tree to facilitate what-if analysis.
- Exhibit A. Southland Corporation’s decision to produce a new line of recreational products resulted in the need to construct either a small plant, medium or large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: Long-run Demand Plant Size Low Medium High Small 225 280 300 Medium 120 280 370 Large 75 280 750 Referring to Exhibit A, a. Identify the decision to be made, the decision alternatives, the chance event and the states of nature for this problem. b. What alternative should be chosen under the maximin criterion? Assume that the prior probabilities for low, medium and high demand are 0.2, 0.5 and 0.3, respectively. c. What is the recommendation if the Bayes' Decision Rule is…Exhibit A. Southland Corporation’s decision to produce a new line of recreational products resulted in the need to construct either a small plant, medium or large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: Long-run Demand Plant Size Low Medium High Small 150 200 200 Medium 80 200 250 Large 50 200 500 Referring to Exhibit A, a. Identify the decision to be made, the decision alternatives, the chance event and the states of nature for this problem. b. What alternative should be chosen under the maximax criterion? Assume that the prior probabilities for low, medium and high demand are 0.25, 0.40 and 0.35, respectively. c. What is the recommendation if the maximum likelihood…If the labor cost per day for Location A is $8,000 with a production of 40 units per day, and the cost per day of Location B is $9,000 with a production of 30 units per day, what is the labor cost per unit for locations A and B? Which location is more cost-efficient? Given the information in the following table, what is the weighted rating score for locations A, B, and C? Which location would you recommend based on this analysis?