Question 1

What are the major considerations when deciding to lease, build, or buy your facilities?

Accepted Answer

When deciding whether to lease, build, o

Question 2

List the important location decisions that manufacturing, retailing, wholesaling, and service firms must consider.

Accepted Answer

Manufacturing, retailing, wholesaling, a

Question 3

The retail layout can also be used when assembling component parts of the product or the entire product.

Accepted Answer

A) True 
 B)False

Question 4

A _______ is the loss of raw materials that occurs naturally as an outcome of the manufacturing process.

Accepted Answer

A) process weight loss 
B) manufacturing weight gain 
C) process distribution 
D) site selection 
E) process reservoir 
A) process weight loss 
B) manufacturing weight gain 
C) process distribution 
D) site selection 
E) process reservoir

Question 5

Because freight shipping costs money, firms tend to locate, if possible, at the source of a large process weight loss.

Accepted Answer

A) True 
 B)False

Question 6

It is important for most businesses to be near to or on good transportation facilities such as highways, railroads, and trucking and airline terminals.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following would be advantages of leasing facilities?

Accepted Answer

A) Regular lease payments are generally more 
B) than it would take to pay to own the asset. 
C) You get to use the asset--the building, the truck, or other asset--without making a large capital payment required for ownership. 
D) It must cover the entire cost of the asset during the term of the lease. 
E) It can allow a longer term than a loan for repayment.
F) You cannot just walk away at the end of a lease. 
A) Regular lease payments are generally more 
B) than it would take to pay to own the asset. 
C) You get to use the asset--the building, the truck, or other asset--without making a large capital payment required for ownership. 
D) It must cover the entire cost of the asset during the term of the lease. 
E) It can allow a longer term than a loan for repayment.
F) You cannot just walk away at the end of a lease.

Question 8

_______, such as Costco or Sam's Club, allow entrepreneurs to buy supplies in bulk at a cheaper price.

Accepted Answer

A) Discount stores 
B) Other retailers 
C) Wholesale clubs 
D) Traditional wholesalers 
E) Strip mall stores 
A) Discount stores 
B) Other retailers 
C) Wholesale clubs 
D) Traditional wholesalers 
E) Strip mall stores

Question 9

A _______ operates out of a single building.

Accepted Answer

A) full-size mall 
B) downtown store 
C) strip mall 
D) stand-alone structure 
E) Internet 
A) full-size mall 
B) downtown store 
C) strip mall 
D) stand-alone structure 
E) Internet

Question 10

Tax considerations are not usually an issue when deciding where to locate a business.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following would be disadvantages of leasing facilities?

Accepted Answer

A) When the lease period is over, you must return the asset to the lessor. 
B) Although the lessor can, at additional cost, extend a lease or sell you the asset, the lessor is under no obligation to do so. 
C) You will not have to continue to pay off the lease, even if you are actually using the equipment. 
D) A lease is a legal obligation and generally cannot be canceled. 
E) Over the long run, leasing costs more than owning because included in the lease payment is a profit to the lessor. 
A) When the lease period is over, you must return the asset to the lessor. 
B) Although the lessor can, at additional cost, extend a lease or sell you the asset, the lessor is under no obligation to do so. 
C) You will not have to continue to pay off the lease, even if you are actually using the equipment. 
D) A lease is a legal obligation and generally cannot be canceled. 
E) Over the long run, leasing costs more than owning because included in the lease payment is a profit to the lessor.

Question 12

Which of the following are true about home-based businesses?

Accepted Answer

A) Home-based businesses have become less popular with the development of the Internet. 
B) You need to have a defined work space. 
C) You need to check zoning requirements. 
D) Zoning restrictions are not much of an issue in most cities. 
E) Home-based businesses have become more popular with the development of the Internet. 
A) Home-based businesses have become less popular with the development of the Internet. 
B) You need to have a defined work space. 
C) You need to check zoning requirements. 
D) Zoning restrictions are not much of an issue in most cities. 
E) Home-based businesses have become more popular with the development of the Internet.

Question 13

Discuss strategic factors in layout parameters for retail, wholesale, and service firms.

Accepted Answer

The layout parameters for retail, wholes

What are the major considerations when deciding to lease, build, or buy your facilities?

List the important location decisions that manufacturing, retailing, wholesaling, and service firms must consider.

The retail layout can also be used when assembling component parts of the product or the entire product.

A _______ is the loss of raw materials that occurs naturally as an outcome of the manufacturing process.

Because freight shipping costs money, firms tend to locate, if possible, at the source of a large process weight loss.

It is important for most businesses to be near to or on good transportation facilities such as highways, railroads, and trucking and airline terminals.

Which of the following would be advantages of leasing facilities?

_______, such as Costco or Sam's Club, allow entrepreneurs to buy supplies in bulk at a cheaper price.

A _______ operates out of a single building.

Tax considerations are not usually an issue when deciding where to locate a business.

Which of the following would be disadvantages of leasing facilities?

Which of the following are true about home-based businesses?

Discuss strategic factors in layout parameters for retail, wholesale, and service firms.

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

What Business How Do You Find Opportunities and Develop a Business Model

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

Filters

Exam 7: The Location and Layout Plan: What Facilities Do You Need

What are the major considerations when deciding to lease, build, or buy your facilities?

List the important location decisions that manufacturing, retailing, wholesaling, and service firms must consider.

The retail layout can also be used when assembling component parts of the product or the entire product.

A _______ is the loss of raw materials that occurs naturally as an outcome of the manufacturing process.

Because freight shipping costs money, firms tend to locate, if possible, at the source of a large process weight loss.

It is important for most businesses to be near to or on good transportation facilities such as highways, railroads, and trucking and airline terminals.

Which of the following would be advantages of leasing facilities?

_______, such as Costco or Sam's Club, allow entrepreneurs to buy supplies in bulk at a cheaper price.

A _______ operates out of a single building.

Tax considerations are not usually an issue when deciding where to locate a business.

Which of the following would be disadvantages of leasing facilities?

Which of the following are true about home-based businesses?

Discuss strategic factors in layout parameters for retail, wholesale, and service firms.

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

What Business How Do You Find Opportunities and Develop a Business Model

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

Filters