Asked by Ghefhine Casilao on Jun 22, 2024
Verified
Service firms choose locations based, in part, on the revenue potential of a site.
Revenue Potential
an estimate of the maximum sales revenue a business can achieve in a given market under current conditions.
Service Firms
Businesses that provide intangible products or services to consumers, as opposed to tangible goods.
Locations
In the context of operations management, it refers to the strategic positioning of facilities like factories or warehouses to optimize logistics and supply chain efficiency.
- Gain insight into the determinants that influence site selection for firms involved in goods production versus those providing services.
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Learning Objectives
- Gain insight into the determinants that influence site selection for firms involved in goods production versus those providing services.
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