Chapter 8 (Key terms)
- Center
of gravity method (pg 366)-Method for locating a distribution
center that minimizes distribution cost.
- Factor
rating (pg365) - General approach to evaluating locations that
includes quantitative and qualitative inputs.
- Geographical
information system (GIS) pg (352)-
A computer-based tool for collecting, storing, retrieving, and displaying
demographic data on maps.
- Locational
cost-profit-volume analysis (pg 363) - Technique for
evaluating location choices in economic terms.
- Microfactory
(pg 358) - Small factory with a narrow product focus, located
near major markets.