Location Strategies Short Quiz

A vibrant infographic depicting various location strategies such as maps, graphs, and icons representing market, suppliers, and competitors.

Location Strategies Quiz

Test your knowledge on location strategies with our comprehensive quiz! This quiz covers essential aspects of making informed location decisions for businesses.

Explore various location options
Understand the significance of clustering
Determine key factors influencing location decisions

11 Questions3 MinutesCreated by StrategicMap10

1. Which best describes the costs influenced by the location decision?

A. Raw material costs.

B. Taxes

C.Most fixed and variable cost.

D. Transportation costs.

2. Location options includes:

A. Close existing facility and move to another location

B. Maintain current sites and add another facility somewhere else

C. Expand an existing facility.

D. All of the Above

E. None of the above

3. The first decision in selecting a location usually is:

A. Determine the country

B. Determine the region

C. Determine the site

D. Determine the location

4. The second decision in selecting a location usually is:

A. Determine the site.

B. Determine the country.

C. Determine the location.

D. Determine the region.

5. Which is generally not a consideration for selecting a country?

A. Political and economic risks.

B. Location of markets.

C. Site, size, and cost

D. Exchange rates and currency risks.

6. “Clustering” refers to:

A. Locating close to markets.

B. Locating close to suppliers

C. Locating close to competitors

D. Locating close to community

7. When the operations strategy has a focus on creativity and innovation, which has less influence on the location decision?

A. The presence of high quality scientific and technical talent.

B. Pressure and insight gained from sophisticated local markets.

C. Overall labor cost

D. An environment that encourages investment and intense local rivalry.

8. The selection of the location for a manufacturing facility should be based on:

A. Minimizing Cost

B. Proximity to transportation.

C. Maximizing revenues.

D. Proximity to water.

9. The selection of a location for a service facility should be based on:

A. Proximity to water.

B. Maximizing revenues.

C. Proximity to transportation.

D. Minimizing cost

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Location Strategies Short Quiz

Location Strategies Quiz

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