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.

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Business

Solomon Pitts

28 August, 09:59

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.

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Elise Boyd · Answer 1

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.