Final answer:
The location of Company facilities is not solely determined by using an electronic locating device, and factors like resource availability may influence site selection.
Step-by-step explanation:
True, the actual location of Company facilities does not have to be determined by using an electronic locating device. While technology can aid in the decision-making process for site selection, companies are not strictly bound by this method.
Factors such as the local availability of resources can influence the decision. For instance, a company might choose a location close to an iron mine to reduce transportation costs if the business requires the direct use of iron as a resource.
However, in today's global economy, companies often consider a broader range of factors. These may include access to markets, labor availability, logistic networks, economic incentives, and legal conditions.
Therefore, the choice of location is multifaceted and might not always be based on proximity to natural resources, hence reflecting the flexibility in company facility placement.