Following statements are given for plant location strategies.
Statement I White goods manufacturing companies have separate plants for colour TVs, washing machines, microwave ovens, etc. for avoiding confusion and bringing about economies of scale.
Statement II Pepsi and Coke have bottling plants scattered all over the country which cater to different regions to avoid confusion at the main manufacturing set-up rather than reducing overall transportation costs and the lead time for supplying goods in the markets.
Find the correct answer of the above statements being correct or incorrect.
A. Statement I is not correct, but Statement II is correct
B. Both statements are correct
C. Statement I is correct, but Statement II is not correct
D. Both statements are not correct
Answer: Option C
This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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