Please answer the discussion and review questions on the page 366, chapter 8 in the textbook and then upload your answer file to the Dropbox before the due date.

DISCUSSION & REVIEW QUESTIONS 1. In what ways can the location decision have an impact on the production system? 2. Respond to this statement: "The importance of the location decision is often vastly overrated the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable location." 3. What community factors influence location decisions? 4. How are manufacturing and nonmanufacturing location decisions similar? Different? 5. What are the potential benefits of locating in foreign countries? Potential drawbacks? 6. What is factor rating, and how does it work? 7. Outline the general approach for developing location alternatives. 8. What are the basic assumptions in locational cost-profit-volume analysis? 9. Discuss recent trends in location and possible future strategies