Chapter 8: Location Planning And Analysis Flashcards Preview

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Flashcards in Chapter 8: Location Planning And Analysis Deck (4)
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1
Q

Microfactory

A

Small factory with a narrow product focus, located near major markets

2
Q

Geographic Information System (GIS)

A

A computer-based tool for collecting, storing, retrieving, and displaying demographic data on maps

3
Q

Factor Rating

A

General approach to evaluating locations that includes quantitative and qualitative inputs

4
Q

Center of Gravity Method

A

Method for locating a distribution center that minimizes distribution costs