To maximize profit, a manager of a large chain of stores that are located throughout the United States needs to determine the average value of their consumers' time and transportation costs and locate each store in areas based on the average value.

Question

Quizplus · Accepted Answer

While it is important to consider customers' time and transportation costs when determining store locations, maximizing profit also involves other factors such as competition, market demand, and operating costs. The manager should take a holistic approach to determine the best store locations that would result in the highest profit for the chain.

To Maximize Profit, a Manager of a Large Chain of Stores