Question: Critical Thinking #3 - Location Selection. Problem #1 A company is trying to decide whether to build a new facility in Norfolk or Virginia Beach.

Critical Thinking #3 - Location Selection.

Critical Thinking #3 - Location Selection. Problem #1 A company is trying to decide whether to build a new facility in Norfolk or Virginia Beach. Using the information provided below, please calculate the following answers: a. If the company uses the cost-profit-volume analysis, which location should be chosen based on the demand forecast? b. if the company uses factor rating to compare alternatives, which one should be chosen? Norfolk Virginia Beach Fixed cost $1.2M $1M Variable $36 $40 Cost Projected 100,000 units demand Virginia Beach 175 70 Factor Convenience to customers Parking facilities Initial cost Labor availability Neighborhood Easy of transportation Proximity to existing store Weight Norfolk .1 60 .25 60 .15 75 .15 50 .05 40 160 180 185 .1 20 35 20 50 .3

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