Question

Decision on location in an important element of ?

Answer 1

Answer:

Location decisions are often important – to both large and small businesses. Thelocation decision has a direct effect on an operation's costs as well as its ability to serve customers (and therefore its revenues). ... Every choice made involves having to balance the supply (cost) and demand (revenue) factors.

Answer 2

Decision on location in an important element of business.

Explanation:

• Choosing a location is frequently crucial for both large and small enterprises. The choice of site directly affects an operation's costs and capacity to service clients (and therefore its revenues).
• Additionally, it is difficult and expensive to reverse site selections once they have been made.
• The costs of transferring a business are frequently high, and there is a chance that customers and employees would be inconvenienced. It is usually preferable to choose a site correctly the first time.

• Competitive unit costs—achieved by a combination of an efficient and productive labor pool, reasonable location expenses, and affordable input access.
• Maximum income potential - site choice does not negatively impact customer service
• All company compete for limited financial resources; choosing a location for a business is no different. An acceptable rate of return on investment
• Having enough production capacity to meet demand and having future decision-making flexibility in capacity management
• Access to a labor force that allows the company to accomplish the goals set forth in its workforce planning

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