Exam 9: The Location Plan

Bettina has found a relatively inexpensive building that is a converted service station.Before she signs the lease, she should ask:

Many entrepreneurs start their online businesses as a part-time venture.

Harry is starting a business where he restores homes built before 1900 and is purchasing used equipment, specifically lathes, planning mills and drill presses.This equipment is would be an example of what type?

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

For many entrepreneurs, choosing a location for a small business is a one-time decision - made only when the business is first established or purchased.

An example of special-purpose equipment for a carbonated beverage company is:

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

Because B₂B success stories generally receive more publicity than B₂C ventures, the potential for B₂C opportunities are overlooked.

The major difference between the information-based model and the content-based model is:

John created Acme Online to allow paper suppliers to compete for manufacturers' orders over the Internet in live auctions.This model would best be described as:

Tracy is looking for a building for her shoe store.A major consideration would be:

Match the term with its definition.Some terms may not be used a.Auction sites b.Brick-and-mortar facility c.Business incubator d.B₂B model e.B₂C model f.C₂C model g.Content-based model h.Disintermediation i.e-commerce j.eCRM k.General-purpose equipment l.Home-based business m.Information-based model n.Special-purpose equipment o.Transaction-based model p.Zoning ordinance -A business model in which a website provides information about a business, its products and other related matters but doesn't charge for its use.

An important advantage an entrepreneur gains by leasing rather than buying a facility is:

Blogs and podcasts are among the emerging options for an online presence.

Connie can locate her business in any state regardless of its weather because she sells:

Jenny just completed her residency and is ready to open her medical office.The image her office should convey is:

Facilities that rent shared space, services and management only to new businesses are called:

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

Amazon.com represents the classic ____ organisation.

Match the term with its definition.Some terms may not be used a.Auction sites b.Brick-and-mortar facility c.Business incubator d.B₂B model e.B₂C model f.C₂C model g.Content-based model h.Disintermediation i.e-commerce j.eCRM k.General-purpose equipment l.Home-based business m.Information-based model n.Special-purpose equipment o.Transaction-based model p.Zoning ordinance -A business model in which a website provides a mechanism for buying or selling products or services.