Question 1

Which of the following is a disadvantage of leasing?

Accepted Answer

A)  It requires a considerably high initial cash outlay than building or buying. 
B)  It is expensive than building or buying a property that are of the same value. 
C)  Lease expenses are not deductible business expenses. 
D)  Renovation options are limited in a leased property. 
A)  It requires a considerably high initial cash outlay than building or buying. 
B)  It is expensive than building or buying a property that are of the same value. 
C)  Lease expenses are not deductible business expenses. 
D)  Renovation options are limited in a leased property. D

Question 2

Which of the following statements about handling an early termination is true?

Accepted Answer

A)  The bailout clause doesn't not help in handling easy terminations if sales do not meet an agreed-to level. 
B)  It is good to set up a long-term lease initially. 
C)  A "cap" or limit on how long to continue paying rent aids in easy lease termination. 
D)  If business falters,there is no obligation to continue paying monthly rent. 
A)  The bailout clause doesn't not help in handling easy terminations if sales do not meet an agreed-to level. 
B)  It is good to set up a long-term lease initially. 
C)  A "cap" or limit on how long to continue paying rent aids in easy lease termination. 
D)  If business falters,there is no obligation to continue paying monthly rent. C

Question 3

What is nondirect distribution? Describe the various distribution channels.

Accepted Answer

Wholesaler,retailers,agents,distributors are commonly referred to as intermediaries.Nondirect distribution uses these intermediaries to deliver products or services to the end users.Intermediaries-frequently small businesses themselves-provide the service of getting the product to the end consumer,including such functions as inventory control,advertising and promotion,delivery and warranty services,to name a few.
Retailer: A middleman business which sells to consumers or end-users of a product (typically in single or small quantities).
Wholesaler: A middleman business which buys (typically in large quantities)and sells (typically in smaller quantities)to businesses rather than consumers.
Agent: A middleman business which represents a manufacturer's product or service to other business-to-business middleman firms.

Question 4

Creating and distributing a catalog online saves the cost of printing and mailing.

Accepted Answer

A) True 
 B)False

Question 5

Setting up a short-term lease initially is one of the ways to handle an early termination of business.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true of nondirect distribution?

Accepted Answer

A)  A product's final price is more than the manufacturing cost if intermediaries are involved. 
B)  An agent sells products to consumers or end-users,typically in small quantities. 
C)  Distributors and wholesalers tend to take on start-up products due to zero setup charges. 
D)  A retailer represents a manufacturer's product to other business-to-business middleman firms. 
A)  A product's final price is more than the manufacturing cost if intermediaries are involved. 
B)  An agent sells products to consumers or end-users,typically in small quantities. 
C)  Distributors and wholesalers tend to take on start-up products due to zero setup charges. 
D)  A retailer represents a manufacturer's product to other business-to-business middleman firms.

Question 7

A _____ will warehouse products,pack and ship them,and send an automated e-mail to customers to let them know that the product is on its way.

Accepted Answer

A)  contract manufacturer 
B)  traffic generator 
C)  sheltered workshop 
D)  fulfillment center 
A)  contract manufacturer 
B)  traffic generator 
C)  sheltered workshop 
D)  fulfillment center

Question 8

_____ refer to other businesses that bring customers to a target market area.

Accepted Answer

A)  Traffic generators 
B)  Freight forwarders 
C)  Fulfillment centers 
D)  Contract manufacturers 
A)  Traffic generators 
B)  Freight forwarders 
C)  Fulfillment centers 
D)  Contract manufacturers

Question 9

When an existing firm with the correct production capabilities makes your product for you,it is referred to as _____.

Accepted Answer

A)  contract manufacturing 
B)  a sheltered workshop 
C)  e-tailing 
D)  freight forwarding 
A)  contract manufacturing 
B)  a sheltered workshop 
C)  e-tailing 
D)  freight forwarding

Question 10

Which of the following forms of direct mail is the least expensive?

Accepted Answer

A)  Catalog 
B)  Sales letter 
C)  Leaflet 
D)  E-mail 
A)  Catalog 
B)  Sales letter 
C)  Leaflet 
D)  E-mail

Question 11

Which of the following is true of high customer contact businesses?

Accepted Answer

A)  Remote location services are examples of high customer contact businesses. 
B)  Traffic generators reduce customer traffic to the target market area. 
C)  Businesses providing a strong contrast to existing competition in the same area increase customer traffic. 
D)  Customer ease is not critical in high customer contact businesses. 
A)  Remote location services are examples of high customer contact businesses. 
B)  Traffic generators reduce customer traffic to the target market area. 
C)  Businesses providing a strong contrast to existing competition in the same area increase customer traffic. 
D)  Customer ease is not critical in high customer contact businesses.

Question 12

Identify the layout that is very efficient and organized but lacks some visual impact.

Accepted Answer

A)  Production line layout 
B)  Process layout 
C)  Grid layout 
D)  Free-form layout 
A)  Production line layout 
B)  Process layout 
C)  Grid layout 
D)  Free-form layout

Question 13

The _____ layout has aisles running from the front of the store to the back like the typical grocery,discount,or convenience store.

Accepted Answer

A)  grid 
B)  free-form 
C)  process 
D)  production line 
A)  grid 
B)  free-form 
C)  process 
D)  production line

Question 14

Up-front cash payment by a consumer,prior to shipment of a product,is a payment risk to a company.

Accepted Answer

A) True 
 B)False

Question 15

Explain the pros and cons of direct response advertising forms.

Accepted Answer

The pros and cons of your media choice a

Question 16

Which of the following international strategies is usually inexpensive,quick to start,easy to change,and less risky than the others?

Accepted Answer

A)  Exporting 
B)  Joint venture 
C)  Franchising 
D)  Licensing 
A)  Exporting 
B)  Joint venture 
C)  Franchising 
D)  Licensing

Question 17

Which of the following is true of payment procedures?

Accepted Answer

A)  A letter of credit can be exercised only with specified shipping documents. 
B)  Providing credit to customers is a risk to the customers. 
C)  Up-front cash payment is a risk to the customers. 
D)  A documentary draft involves only two parties-the company and the customer. 
A)  A letter of credit can be exercised only with specified shipping documents. 
B)  Providing credit to customers is a risk to the customers. 
C)  Up-front cash payment is a risk to the customers. 
D)  A documentary draft involves only two parties-the company and the customer.

Question 18

Participating in trade shows and trade missions increase international contacts.

Accepted Answer

A) True 
 B)False

Question 19

Neil places an advertisement for his pastry shop,Neil's Pastries,in the local newspaper.He includes his phone number,website,e-mail address,and postal address in the advertisement so that prospective customers have the option to contact him in the way they feel most comfortable.Neil is a _____.

Accepted Answer

A)  guerilla marketer 
B)  multichannel marketer 
C)  telemarketer 
D)  direct seller 
A)  guerilla marketer 
B)  multichannel marketer 
C)  telemarketer 
D)  direct seller

Question 20

Which of the following can be exercised only when presented with specified shipping records?

Accepted Answer

A)  A documentary draft 
B)  A letter of credit 
C)  A mail order 
D)  A codicil 
A)  A documentary draft 
B)  A letter of credit 
C)  A mail order 
D)  A codicil

Which of the following is a disadvantage of leasing?

Which of the following statements about handling an early termination is true?

What is nondirect distribution? Describe the various distribution channels.

Creating and distributing a catalog online saves the cost of printing and mailing.

Setting up a short-term lease initially is one of the ways to handle an early termination of business.

Which of the following statements is true of nondirect distribution?

A _____ will warehouse products,pack and ship them,and send an automated e-mail to customers to let them know that the product is on its way.

_____ refer to other businesses that bring customers to a target market area.

When an existing firm with the correct production capabilities makes your product for you,it is referred to as _____.

Which of the following forms of direct mail is the least expensive?

Which of the following is true of high customer contact businesses?

Identify the layout that is very efficient and organized but lacks some visual impact.

The _____ layout has aisles running from the front of the store to the back like the typical grocery,discount,or convenience store.

Up-front cash payment by a consumer,prior to shipment of a product,is a payment risk to a company.

Explain the pros and cons of direct response advertising forms.

Which of the following international strategies is usually inexpensive,quick to start,easy to change,and less risky than the others?

Which of the following is true of payment procedures?

Participating in trade shows and trade missions increase international contacts.

Neil places an advertisement for his pastry shop,Neil's Pastries,in the local newspaper.He includes his phone number,website,e-mail address,and postal address in the advertisement so that prospective customers have the option to contact him in the way they feel most comfortable.Neil is a _____.

Which of the following can be exercised only when presented with specified shipping records?

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

Small Business Ideas: Creativity, Opportunity, and Feasibility

Small Business Entry: Paths to Part-Time Entrepreneurship

Small Business Entry: Paths to Full-Time Entrepreneurship

Small Business Strategies: Imitation With a Twist

Business Plans: Seeing Audiences and Your Business Clearly

Small Business Marketing: Product and Pricing Strategies

Small Business Promotion: Capturing the Eyes of Your Market

Marketing Plans: Saying How Youll Get Salespart Four: Cash, Accounting, and Finance in the Small Business

Small Business Accounting: Projecting and Evaluating Performance

Cash: Lifeblood of the Business

Small Business Finance: Using Equity, Debt, and Gifts

Assets: Inventory and Operations Management

Small Business Protection: Risk Management and Insurance

Legal Issues: Recognizing Your Small Business Needs

Human Resource Management: Small Business Considerations

Achieving Success in the Small Business

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Exam 11: Small Business Distribution and Location

Which of the following is a disadvantage of leasing?

Which of the following statements about handling an early termination is true?

What is nondirect distribution? Describe the various distribution channels.

Creating and distributing a catalog online saves the cost of printing and mailing.

Setting up a short-term lease initially is one of the ways to handle an early termination of business.

Which of the following statements is true of nondirect distribution?

A _____ will warehouse products,pack and ship them,and send an automated e-mail to customers to let them know that the product is on its way.

_____ refer to other businesses that bring customers to a target market area.

When an existing firm with the correct production capabilities makes your product for you,it is referred to as _____.

Which of the following forms of direct mail is the least expensive?

Which of the following is true of high customer contact businesses?

Identify the layout that is very efficient and organized but lacks some visual impact.

The _____ layout has aisles running from the front of the store to the back like the typical grocery,discount,or convenience store.

Up-front cash payment by a consumer,prior to shipment of a product,is a payment risk to a company.

Explain the pros and cons of direct response advertising forms.

Which of the following international strategies is usually inexpensive,quick to start,easy to change,and less risky than the others?

Which of the following is true of payment procedures?

Participating in trade shows and trade missions increase international contacts.

Neil places an advertisement for his pastry shop,Neil's Pastries,in the local newspaper.He includes his phone number,website,e-mail address,and postal address in the advertisement so that prospective customers have the option to contact him in the way they feel most comfortable.Neil is a _____.

Which of the following can be exercised only when presented with specified shipping records?

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

Small Business Ideas: Creativity, Opportunity, and Feasibility

Small Business Entry: Paths to Part-Time Entrepreneurship

Small Business Entry: Paths to Full-Time Entrepreneurship

Small Business Strategies: Imitation With a Twist

Business Plans: Seeing Audiences and Your Business Clearly

Small Business Marketing: Product and Pricing Strategies

Small Business Promotion: Capturing the Eyes of Your Market

Marketing Plans: Saying How Youll Get Salespart Four: Cash, Accounting, and Finance in the Small Business

Small Business Accounting: Projecting and Evaluating Performance

Cash: Lifeblood of the Business

Small Business Finance: Using Equity, Debt, and Gifts

Assets: Inventory and Operations Management

Small Business Protection: Risk Management and Insurance

Legal Issues: Recognizing Your Small Business Needs

Human Resource Management: Small Business Considerations

Achieving Success in the Small Business

Filters