Consider any two factors that a service operation assigns the greatest weight when making a location decision

Using those two factors, identify one local service operation that likely used one of those factors as their top priority and a different service operations that likely used the other of your two factors as their dominant criterion. Briefly describe the business and justify your assignment of each factor as the overriding concern.


Answers will vary. The factors identified by the authors as being critical for service operations include: proximity to customers, transportation costs and proximity to markets, location of competitors, and site-specific factors.

Business

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Collectivist cultures might be more prone than individualists to see reward allocation based on ______ as fair.

A. equity B. seniority C. skills D. deference

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Which industry has been relying on neural network technology for over two decades?

A. Finance B. Hotels C. Food service D. Healthcare

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Discounted cash flow methods are not appropriate for evaluating mergers because the cash flows are uncertain and the discount rate can only be determined after the merger is consummated.

Answer the following statement true (T) or false (F)

Business

TransSystems Inc. has a total equity of $560,000; sales of $2,250,000; total assets of $995,000; and

current liabilities of $310,000. What is TransSystems Inc.'s debt ratio? A) 66.7% B) 43.7% C) 55.4% D) 31.2%

Business