Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Explain. What role does real estate market analysis play in determining the feasibility of specific locations for businesses?
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- A location analysis has been narrowed down to four locations. The critical factors, their weights, and the ratings for each location are shown below: Factor Locations Factors Weights A B C D Nearness to community 0.32 64 89 31 41 Manpower availability 0.27 84 78 43 62 Land Prices 0.26 14 60 61 44 Supporting Services 0.15 54 80 77 81 1. Which one of the following is closest to the factor rating of the best location ? a)100.3 b)77.14 c)96.43 d)46.28 2. Which location is the worst one if the factors are equally weighted ? a)39.75 b)53 c)68.9 d)71.55arrow_forwardMaya ltd. wants to use the Centre of Gravity location technique to determine where to setup itsdistribution centre.Setup a numerical example that can be used to demonstrate to the owner of thecompany how the center of gravity technique can be used.arrow_forwardOnce Committed to a location for your business what is hard to change? A) Your decision on that location B) What you manufacture C) What you sell D) How the company is organized E) What markets you will servicearrow_forward
- How would you define a well-known online destination? If a company is too tiny to afford it, what other choices do they have?arrow_forwardUnderstand the differences between service and industrial-sector location analysisarrow_forwardExplain the following methods in location analysis: Factor Rating Method, Centre of Gravity Method, Locational Cost-Volume Method. What are the differences, disadvantages and advantages of those methods?arrow_forward
- A. Identify factors that should be considered when choosing a location for a business B. Identify three different categories of spatial decision-making in businessarrow_forwardDiscuss the key features of the ‘geography of enterprise’ as a framework for making industrial location decisions.arrow_forwardDescribe what factors you would consider in deciding to relocate and rank them in order of importance.arrow_forward
- Identify the factors when choosing a business location from the statements below.arrow_forwardThe owner of a food truck implemented a new location strategy so that they would be better positioned near a crowded office park during the lunch hour. How should they evaluate the new location strategy?arrow_forwardWhat information do you need in order to give the absolute location of a placearrow_forward
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