The Factor Rating method provides a structured approach to location selection by considering multiple factors and their relative importance, helping companies make informed decisions that align with their strategic goals and operational needs. You have to select a location for New Manufacturing Plant.Develop Location Alternatives:The company identifies several potential locations for the new manufacturing plant, such as:Location A: Near major highways with access to raw material suppliers, but high land costsLocation B: In a rural area with lower land costs and available workforce, but limited transportation infrastructureLocation C: Close to a large urban center with a skilled labor pool and market access, but higher regulatory and living costs.Factors and Weights are given in the table below:FactorsAssigned WeightScoreLocation AWeighted score AScoreLocation BWeighted score BScoreLocation CWeighted score CProximity to raw materials suppliers$30\%$ Access to transportation networks$20\%$ Availability of skilled labor$15\%$ Cost of land and utilities$10\%$ Regulatory environment and tax incentives$10\%$ Market proximity and customer base$10\%$ Quality of life for employees$5\%$ Total Weighted score Your task:$1.$ Evaluate each location alternative based on these factors and assign scores $($on a scale of $1$ to $10)$ reflecting how well each location meets the criteria$\mathrm{.}2.$ Calculate the weighted score for each location alternative by multiplying the score of each factor by its respective weight and summing the results to get the weighted score$\mathrm{.}3.$ Compare the weighted scores of each location alternative to determine the most suitable location for the new manufacturing plant based on the company's objectives and priorities.