Exam 9: The Location Plan

A home-based business is one located in

For many new firms, the most important reason to lease rather than buy a facility is

All B2B firms are fairly much alike.

The functional requirements of a business should determine the

Why does electronic commerce benefit small firms?

During the early days of e-commerce, the model of choice was based on

When selecting a good location for a business the personal preference of the entrepreneur is important, as it will determine their success.

Manufacturing equipment can be categorized as general-purpose and special-purpose.

B2C startups offer only one main advantage over brick-and-mortar retailing-transaction speed.

If the cost of shipping the finished product is high, the factory should probably be located near a source of raw materials.

Juggling the needs of business clients and family members can be so stressful that the home business must be relocated.

Steve Evans started a Web-based business offering a mechanism for buying and selling antiques. Evans has set up his company using the ____ model.

You Make the Call-Situation 4 Entrepreneur Karen Moore wants to start a catering and decorating business to bring in money to help support her two young children. Moore is a single parent; she works in the banking industry but has always had the desire to start a business. She enjoys decorating for friends' parties and is frequently told, "You should do this professionally. You have such good taste, and you are so nice to people." Moore has decided to take this advice but is unsure whether she should locate in a commercial site or in her home, which is in rural central Texas. She is leaning toward locating at home because she wants more time with her children. However, she is concerned that the home-based location is too far away from the city, where most of her potential customers live. Initially, her services would include planning for wedding receptions and other special events, designing flower arrangements, decorating the sites, and even cooking and serving meals.

Site-related factors that should be taken into consideration when one is selecting a retail location include

Customer accessibility is important in locating an electrical contracting firm.

If they are based in the owner's home, a business must conform to local zoning ordinances.

Helen Artz is planning to open a high-fashion clothing store for young professional women. She knows that the fixtures she acquires for the store should be

Special-purpose equipment is generally difficult for small manufacturers to use unless

The technical nature of the Internet makes e-commerce too expensive for small firms.

In selecting a location, retailers are not all that concerned about customer accessibility.