center-of-gravity method
location-decision approach that calculates the best cost location for a distribution center serving multiple sites.
clustering
locating near direct competitors as a strategy.
factor-rating method
location-decision approach whereby decision criteria are prioritized and weighted to eliminate subjective decisions.
fixed-position layouts
used for the production of large objects where materials and teams are brought to a single location, as in manufactured housing.
leasehold improvements
changes made to adapt a rented property for a particular business.
location breakeven analysis
a location selection method using cost-volume analysis.
process layouts
functional layouts that work well where there are common processes.
selling space
actual retail floor space excluding storage and warehousing, administrative, and utility areas.
space percentage
the portion of a home used for business versus living space.
product layouts
mass production layouts appropriate for continuous production processes.
traffic generators
complementary businesses that attract customer traffic to a retailing area.