Location analysis techniques typically employed by service organizations include:
A)the factor rating method.
B)the center-of-gravity method.
C)purchasing power analysis of area.
D)traffic counts.
E)all of the above.

Question

Quizplus · Accepted Answer

Service organizations typically use a combination of location analysis techniques to determine the best location for their facility or store. The factor rating method helps to identify the most favorable location based on a set of selected factors such as labor costs, availability of skilled workers, proximity to suppliers or customers, and transportation costs. The center-of-gravity method helps to identify the optimal location by taking into account the location of existing facilities, demand centers, and transportation costs. Purchasing power analysis of an area helps to understand the potential customer base, their income levels, and buying habits. Traffic counts provide an understanding of the volume and type of traffic in a particular location, helping organizations select sites with heavy traffic and easy accessibility. Therefore, all of the above techniques are typically employed by service organizations.

Location Analysis Techniques Typically Employed by Service Organizations Include