DescriptionYour objective is to select the next location for your business (use your Assignment 1 business or any other). Assume that your business does not exist in the selected states. New Mexico/ Colorado/ WyomingThe Business is AmazonAlso assume that I have no idea about your industry and your business.There are 2 critical analyses in this assignment:Briefly introduce your business (you can use from your earlier assignment). Remember I don’t know the company nor the business.Identify and explain the major factors that affect your business location decisions(also study the Key Success Factors Use the Factor Rating Method to evaluate location alternatives. I need you to look at 3 alternative states/cities in your analysis so you can pick the right kinds of factors e.g. State can offer tax incentives while the city has a railroad station. You must use a Table and show all the numbers (as in the chapter). I WOULD PREFER THE USE OF EXCEL AND THEN IMPORT INTO THE WORD DOC.When you select a city(s) refer to published statistics e.g. demographics, transportation, diversity etc.Next, using well researched data, do a Crossover Chart for Locational Cost-Volume Analysis for expected volume of output you could use an expected annual output in units (e.g. number of new savings accounts, mortgages in a bank; new students in a school; customers in a restaurant or retail; new patients etc. PREFER USE OF EXCEL AND THEN IMPORT TO YOUR DOCAnalyze the lowest costs between all 3 locations and then indicate the crossover point for the highest profitAs always, I need to see detailed explanation to justify the numbers Dont assume that I understandDetailed analysis is more critical rather than page length.
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