Exam 9: The Location Plan

For small businesses, the Internet tends to blur ____ boundaries.

Startups in any location will still get off the ground, but long-term performance of the business may be weakened if the location is a poor one.

One of the ways that the Internet has impacted small firms is by bringing new life and technology to the management of customer service.

E-commerce is really nothing more than a new way of taking orders, supplementing the capabilities of the phone or fax machine.

For manufacturers, which of the following is a top priority in location decisions?

Customers who avoid doing business online are often reluctant to do this because

Sometimes an attorney can insert special clauses into a lease agreement that will allow the lessee to exit the agreement under certain circumstances.

Customer accessibility is vital in industries in which the cost of shipping the final product is high relative to the product's value.

The Internet provides an alternative to

All other factors being equal, retail and services businesses will find little advantage in selecting a location near the center of the market.

Web-based businesses that provide customers with the ability to list products for potential buyers are called

E-commerce refers to

Harry Hardwick is starting a job-order machine shop and is buying such used equipment as lathes, planing mills, and drill presses. The equipment he plans to use is

A building's functional attributes determine its suitability for the operation of a business.

Manufacturers are one type of business that must be located conveniently for customers.

Small retailers need merchandise display racks and other equipment, but these are usually less expensive than that which is required for a factory operation.

Which statement is not correct concerning business incubators?

From a practical business standpoint, choosing to locate a business in one's home community offers no advantages.

A good reason for relocating a typical manufacturing business is to

A milking machine in a dairy is a type of general-purpose equipment.