What is the primary objective for a service or retail organization when making a location decision?...

What is the primary objective for a service or retail organization when making a location decision? A. Minimize cost B. Maximize revenue C. Minimize customer-drawing area D. Maximize size of the labor pool

Expert Solution

The primary objective for a retail or service organization is revenue maximization while making a location decision. The location that can drive maximum revenue to the organization would be preferred over others. Therefore, the correct option is (B). All other options are wrong as revenue maximization is the key motive.

keosha answered 2 years ago

what external factors will you consider when making a decision

Choosing the right location for a manufacturing plant or a service organization is often critical to...

Choosing the right location for a manufacturing plant or a service organization is often critical to its success. Pick one manufacturing plant or one service organization in Kyiv and list at least three reasons why its location helps or hinders its success. If its location is not ideal, what would be a better one? Task 4 Workers on the manufacturing floor are being replaced by robots and other machines. On the one hand, this lets companies compete with cheap labor...

How do the cost flows in a retail organization or service organization differ from those in...

How do the cost flows in a retail organization or service organization differ from those in a manufacturing organization?

what other examples of decision making constructs are utilized by your respective organization? Explain.

It is argued that organization can be a factor in decision making. In other words, they...

It is argued that organization can be a factor in decision making. In other words, they can influence decision-making in favor or against a decision maker. It is also argued that organizations or institutions by providing the framework or boundary, they shelter decision makers from making decisions that would have deleterious effect to other the decision-makers and the organization. Please discuss how organizations or institutions can act as a shelter against risk.

What are some of the pressures that influence ethical decision making within your organization? Once you...

What are some of the pressures that influence ethical decision making within your organization? Once you have written the Code of Ethics, how would you implement to ensure compliance?

Rack city , a retail firm, is making a decision on how much it should payout...

Rack city , a retail firm, is making a decision on how much it should payout to its shareholders. It has $100 million in investable funds. The firm has 100 million shares outstanding, selling for $15 per share. The beta of the stock is 1.25 and the risk-free rate is 8%. The expected return on the market is 16%. Currently the firm has $500 million of debt outstanding, with a marginal yield of 12%. The corporate tax rate is 50%....

Question