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Essay / Research Paper Abstract
This 3-page paper discusses what needs to be considered in a location analysis for fictitious manufacturer Bit Technology. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTbittloca.doc
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Unformatted sample text from the term paper:
be taken into consideration when it comes to this process? One thing were lacking here is what kind of "high tech" Bit Technology
is involved with. But in general, the following factors should be considered when it comes to decisions of this type. Infrastructure. One
of the first decisions made by any manufacturer is the quality of a locations infrastructure. By "infrastructure" we mean everything from roads, rail-serve and airports to utilities. If the roads
are poor, Bit Technologies wont be able to transport its completed product efficiently. Furthermore, getting raw materials into the factory would be very costly as well.
Furthermore, manufacturers generally need more power as well - it can cost a great deal of money to bring power to a plant. If a particular
location is already "wired" for power and, in addition, has reinforced floors for heavy equipment, this is something that would also be a plus for Bit Technology (Wolff Sorter, 2011).
Population Demographics/Psychographics. Nearby population is very important when it comes to location analysis. Many companies will move to areas that have
highly education population. Along those lines, desirable areas include areas in which higher educational institutions (such as universities, colleges and even vocational technology schools) are located. In this situation, companies
such as Bit Technology have ready access to quality employees that are nearby. When we talk about psychographics, we talk about population lifestyles,
activities and interests (Psychographics, 2011). A psychographic analysis tells us things such as what hours employees are willing to work, how far theyre willing to commute for the job and
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