The factor-rating method can consider both tangible and intangible costs.

Question

Quizplus · Accepted Answer

The factor-rating method is a technique used to evaluate and select among alternative sites, taking into account various factors such as cost, labor availability, transportation, infrastructure, and more. This method considers both tangible costs, such as land, labor, utilities, taxes, and construction expenses, as well as intangible costs, such as quality of life, image, and public relations. Therefore, the statement "the factor-rating method can consider both tangible and intangible costs" is true.

The Factor-Rating Method Can Consider Both Tangible and Intangible Costs