State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms?
What will be an ideal response?
The fundamental objective is to maximize the benefit of location to the firm. For industrial location decisions, the focus is frequently on minimizing cost, because cost often varies dramatically from one location to another. Service location decisions often focus on maximizing revenues.
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A) It is an online service for creating customized online surveys. B) It is an online service which helps in data mining. C) It is an initiative which rates Web sites based on the ease with which it can be navigated. D) It is an initiative to build user confidence in joining communities and using the Web in general.
Industries that have an ETO process supply chain include ______.
a. aerospace and defense b. oil refineries c. computer manufacturing d. commodity production (e.g., salt, sugar)
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A) a computer B) accounts receivable C) trade secret D) copyright E) patent
While a regular linear programming model has an infinite number of possible solutions, the integer counterpart has:
a. An infinite and identical set of possible solutions. b. An infinite but different set of possible solutions. c. A limited number of possible solutions. d. All of the above are possible solution sets for the integer counterpart of a regular linear programming model.