Exam 12: Obtaining and Laying Out Operating Facilities

For small firms, outputs are materials, people, money, information and other productive factors.

_____ sell goods directly to the ultimate consumer.

In a small business, the process layout requires more movement of material or people, and requires a larger inventory.

Which of the following is an example of a specialty good?

In a process layout, the facilities are laid out according to the sequence of operations to be performed.

Specialty goods are bought infrequently, often at exclusive outlets, after special effort by the customer to drive to the store.

______ stores are often large department stores, usually located at the ends of the arms of a mall, where they generate heavy traffic for the small stores between them.

_____ convert materials into products in considerable volume for others to sell to the ultimate consumer.

Convenience goods are high-priced items, which are bought infrequently, and for which the customer compares prices.

Governments and financial businesses provide most of the business for retail stores in shopping centers.