Question

What is the major difference in focus between a location decision in the service sector vs. the manufacturing​ sector? A. The focus in service is on revenue​ maximization, while the focus in manufacturing is on cost minimization. B. There is no difference in focus. C. The focus in manufacturing is on revenue​ maximization, while the focus in service is on cost minimization. D. The focus in manufacturing is on​ labor, while the focus in service is on raw materials.

Answer 1

Answer:

A. The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization.

Explanation:

Profit maximization infers cost minimization; nevertheless, cost minimization doesn't really mean profit maximization. Profit maximization is a mix of both revenue maximization and cost minimization since profits are equivalent to the contrast among revenues and costs.