One major consideration involved in facility location is proximity to suppliers. Why is this?Multiple ChoiceBeing close to suppliers allows the business to gain customers faster.Being close to suppliers reduces transit time and cost of supplies.None of the answers are correct.Discounts are always given to customers who live nearby.All of the answers are correct.
Question
One major consideration involved in facility location is proximity to suppliers. Why is this?Multiple ChoiceBeing close to suppliers allows the business to gain customers faster.Being close to suppliers reduces transit time and cost of supplies.None of the answers are correct.Discounts are always given to customers who live nearby.All of the answers are correct.
Solution
The correct answer is: Being close to suppliers reduces transit time and cost of supplies.
This is because when a business is close to its suppliers, it can get the necessary supplies more quickly and with less expense in terms of transportation. This can be a significant cost saving, especially for businesses that rely heavily on raw materials or other supplies. It also allows for more flexibility in managing inventory, as it is easier to get more supplies on short notice if needed.
Similar Questions
Commonly, for a manufacturing business, the first priority for location is:Group of answer choicesbeing close to customers.being close to sources of supply.being close to wholesalers.being close to service industries.
Identify which of the following would NOT be a benefit of choosing a supplier in close proximity*1 pointIt reduces the cost of transport.It reduces the delivery time.It is more environmentally sustainable.It ensures that the goods are of high quality.
Facility location analysis considers proximity to customers important to timeliness of deliveries.Question 14Answera.FALSEb.TRUE
Facility location analysis considers the competitive imperative of lowest total cost.Question 25Answera.FALSEb.TRUE
Which of the following is not a factor that organizational leaders typically consider when choosing a facility location?Multiple Choicecommunity characteristicsproximity to markettaxes and inducementshierarchy of authorityavailability of raw materials
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.