Question

The main idea in the making ethical decisions box "do we stay or do we go?" indicates: a need for firms to place a higher level of importance on time-to-market when choosing facilities locations. a need for firms to consider the economic impact of their existence and/or departure from a particular location. that many locations do not meet iso 14000 standards. that the goal of finding the lowest cost location should never be overshadowed by other concerns if the firm is to remain loyal to its stockholders.

Answer 1

The answer to the question is (B) a need for firms to consider the economic impact of their existence and/or departure from a particular location.

When deciding to move from a location, firms tend to only consider the benefit that the company gains by making this decision, especially in terms of revenue or profit. Oftentimes, the company does not consider how the communities living around the company – which often also includes the workers – are impacted by this decision.