Which of the following statements about facility location is most accurate?
A)Very few firms are still influenced by labour costs when making decisions about where to locate.
B)Recent changes in information technology have led firms to favour locations near major urban areas.
C)No matter how large they become,most companies ultimately choose to locate major facilities within a few miles of the area in which they started business.
D)Manufacturers often seek to reduce time-to-market by locating facilities in areas with access to key modes of transportation.

Question

Quizplus · Accepted Answer

Manufacturers need to transport their products from the production site to the market. To reduce the time it takes to transport goods, they often locate their facilities near transportation infrastructure such as ports, airports, or highways. This helps them to reduce transportation costs and ensure timely delivery of products. Therefore, D is the most accurate statement.

Which of the Following Statements About Facility Location Is Most