Asked by Daylanie Flores on Jul 20, 2024
Verified
The ________ method is popular because a wide variety of factors, from education to recreation to labour skills, can be objectively included.
Factor Rating Method
A technique used in operations management and decision-making, where various factors are rated and combined to form a composite score for comparing different options or decisions.
Labour Skills
The specific competencies and knowledge that workers possess, which enable them to perform tasks and duties required in their employment.
Education
A structured process of facilitating learning, knowledge, skills, and values through methods like teaching, training, storytelling, and discussion.
- Recognize the variables affecting the decision-making process regarding location for service and manufacturing firms.
Verified Answer
Learning Objectives
- Recognize the variables affecting the decision-making process regarding location for service and manufacturing firms.
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