Question 1

In some cities and towns,local regulations impose restrictions on the size,location,height,and construction materials used in business signs.

Accepted Answer

A) True 
 B)False

Question 2

Identify and briefly discuss the nine factors an entrepreneur should consider when selecting the city in which to locate her business.

Accepted Answer

1.Population trends In addition to demog

Question 3

By collecting a wealth of data on possible locations,entrepreneurs will find that the location decision is made for them.

Accepted Answer

A) True 
 B)False

Question 4

Common sponsors of incubators include government agencies and colleges and universities.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an advantage of locating in a central business district?

Accepted Answer

A) Low rent 
B) Easy and abundant parking 
C) The ability to attract customers from the entire trading area 
D) Moderate to low levels of competition 
A) Low rent 
B) Easy and abundant parking 
C) The ability to attract customers from the entire trading area 
D) Moderate to low levels of competition

Question 6

The "Cost of Doing Business Index" considers wage costs,tax burden,electricity,industrial rent,office rent,and living desirability as key factors.

Accepted Answer

A) True 
 B)False

Question 7

The index of retail saturation for site #1 is:

Accepted Answer

A) $150.21. 
B) $168.51. 
C) $152.30. 
D) $166.19. 
A) $150.21. 
B) $168.51. 
C) $152.30. 
D) $166.19.

Question 8

The rules of the Americans with Disabilities Act protecting customers are designed to ensure that disabled customers have equal access to a company's goods and services.

Accepted Answer

A) True 
 B)False

Question 9

Manufacturing layout decisions take into consideration:

Accepted Answer

A) customer buying behavior,the types of product sold,and the physical dimensions of the building. 
B) the status of the building: built,bought,or leased,and the type of product sold. 
C) the product,the process,the space availability within the facility,ergonomic considerations,and key economic considerations. 
D) the employees,the customer,and the mechanical process used to produce the product. 
A) customer buying behavior,the types of product sold,and the physical dimensions of the building. 
B) the status of the building: built,bought,or leased,and the type of product sold. 
C) the product,the process,the space availability within the facility,ergonomic considerations,and key economic considerations. 
D) the employees,the customer,and the mechanical process used to produce the product.

Question 10

What site analysis criteria are relevant to Terry and Judy's evaluation of the restaurant's location?

Accepted Answer

Although no entrepreneur has a crystal b

Question 11

When the typical shopper enters a store,(s)he turns ________ and moves in a ________ fashion which increases the value of this section of the space.

Accepted Answer

A) left; clockwise 
B) right; clockwise 
C) left; counterclockwise 
D) right; counterclockwise 
A) left; clockwise 
B) right; clockwise 
C) left; counterclockwise 
D) right; counterclockwise

Question 12

A ________ contains from 12 to 50 stores and serves a population of 40,000 to 150,000 people.

Accepted Answer

A) neighborhood shopping center 
B) community shopping center 
C) regional shopping mall 
D) central business district 
A) neighborhood shopping center 
B) community shopping center 
C) regional shopping mall 
D) central business district

Question 13

The layout of any retail facility requires the owner's observation and understanding of what will work best for their staff.

Accepted Answer

A) True 
 B)False

Question 14

________,published annually,provides a detailed breakdown of population,retail sales,spendable income,and other characteristics for census regions,states,metropolitan areas,counties,and cities.It also includes analyses of changes in metro markets,descriptions of newspaper and TV markets,and summaries of sales of certain merchandise.

Accepted Answer

A) The Survey of Buying Power 
B) The Commercial Atlas and Marketing Guide 
C) The Zip Code Atlas and Market Planner 
D) A Researcher's Guide to the 1990 Census 
A) The Survey of Buying Power 
B) The Commercial Atlas and Marketing Guide 
C) The Zip Code Atlas and Market Planner 
D) A Researcher's Guide to the 1990 Census

Question 15

Shopping centers are always a wise location for a small business owner to choose.

Accepted Answer

A) True 
 B)False

Question 16

Most business incubator residents are engaged in which businesses?

Accepted Answer

A) Heavy manufacturing 
B) Light manufacturing,service,or technology-related fields 
C) Mixed retail and restaurant business 
D) Heavy manufacturing,food preparation,and service 
A) Heavy manufacturing 
B) Light manufacturing,service,or technology-related fields 
C) Mixed retail and restaurant business 
D) Heavy manufacturing,food preparation,and service

Question 17

The Zip Code Atlas and Market Planner provides detailed information on sales,spendable income,etc.,by census region,county,and city.

Accepted Answer

A) True 
 B)False

Question 18

To calculate the IRS,a retailer needs to know the number of customers,the number of competitors,and the total square feet of space allocated to selling his kind of product in the trading are
a.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a potential disadvantage of a home-based business?

Accepted Answer

A) Frequent interruptions of work 
B) Feelings of isolation 
C) Problems with zoning laws from running a business 
D) All of the above 
A) Frequent interruptions of work 
B) Feelings of isolation 
C) Problems with zoning laws from running a business 
D) All of the above

Question 20

Many home-based entrepreneurs whose businesses are successful run into problems with zoning laws as they run businesses from locations in areas that are zoned "residential."

Accepted Answer

A) True 
 B)False

In some cities and towns,local regulations impose restrictions on the size,location,height,and construction materials used in business signs.

Identify and briefly discuss the nine factors an entrepreneur should consider when selecting the city in which to locate her business.

By collecting a wealth of data on possible locations,entrepreneurs will find that the location decision is made for them.

Common sponsors of incubators include government agencies and colleges and universities.

Which of the following is an advantage of locating in a central business district?

The "Cost of Doing Business Index" considers wage costs,tax burden,electricity,industrial rent,office rent,and living desirability as key factors.

The index of retail saturation for site #1 is:

The rules of the Americans with Disabilities Act protecting customers are designed to ensure that disabled customers have equal access to a company's goods and services.

Manufacturing layout decisions take into consideration:

What site analysis criteria are relevant to Terry and Judy's evaluation of the restaurant's location?

When the typical shopper enters a store,(s)he turns and moves in a fashion which increases the value of this section of the space.

A ________ contains from 12 to 50 stores and serves a population of 40,000 to 150,000 people.

The layout of any retail facility requires the owner's observation and understanding of what will work best for their staff.

Shopping centers are always a wise location for a small business owner to choose.

Most business incubator residents are engaged in which businesses?

The Zip Code Atlas and Market Planner provides detailed information on sales,spendable income,etc.,by census region,county,and city.

To calculate the IRS,a retailer needs to know the number of customers,the number of competitors,and the total square feet of space allocated to selling his kind of product in the trading are a.

Which of the following is a potential disadvantage of a home-based business?

Many home-based entrepreneurs whose businesses are successful run into problems with zoning laws as they run businesses from locations in areas that are zoned "residential."

The Foundations of Entrepreneurship

Inside the Entrepreneurial Mind: From Ideas to Reality

Designing a Competitive Business Model and Building a Solid Strategic Plan

Conducting a Feasibility Analysis and Crafting a Winning Business Plan

Forms of Business Ownership

Franchising and the Entrepreneur

Buying an Existing Business

Building a Powerful Marketing Plan

E-Commerce and the Entrepreneur

Pricing Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Sources of Financing: Debt and Equity

Global Opportunities

Building a Team and Management Succession

Filters

Exam 14: Choosing the Right Location and Layout

In some cities and towns,local regulations impose restrictions on the size,location,height,and construction materials used in business signs.

Identify and briefly discuss the nine factors an entrepreneur should consider when selecting the city in which to locate her business.

By collecting a wealth of data on possible locations,entrepreneurs will find that the location decision is made for them.

Common sponsors of incubators include government agencies and colleges and universities.

Which of the following is an advantage of locating in a central business district?

The "Cost of Doing Business Index" considers wage costs,tax burden,electricity,industrial rent,office rent,and living desirability as key factors.

The index of retail saturation for site #1 is:

The rules of the Americans with Disabilities Act protecting customers are designed to ensure that disabled customers have equal access to a company's goods and services.

Manufacturing layout decisions take into consideration:

What site analysis criteria are relevant to Terry and Judy's evaluation of the restaurant's location?

When the typical shopper enters a store,(s)he turns ________ and moves in a ________ fashion which increases the value of this section of the space.

A ________ contains from 12 to 50 stores and serves a population of 40,000 to 150,000 people.

The layout of any retail facility requires the owner's observation and understanding of what will work best for their staff.

Shopping centers are always a wise location for a small business owner to choose.

Most business incubator residents are engaged in which businesses?

The Zip Code Atlas and Market Planner provides detailed information on sales,spendable income,etc.,by census region,county,and city.

To calculate the IRS,a retailer needs to know the number of customers,the number of competitors,and the total square feet of space allocated to selling his kind of product in the trading are a.

Which of the following is a potential disadvantage of a home-based business?

Many home-based entrepreneurs whose businesses are successful run into problems with zoning laws as they run businesses from locations in areas that are zoned "residential."

The Foundations of Entrepreneurship

Inside the Entrepreneurial Mind: From Ideas to Reality

Designing a Competitive Business Model and Building a Solid Strategic Plan

Conducting a Feasibility Analysis and Crafting a Winning Business Plan

Forms of Business Ownership

Franchising and the Entrepreneur

Buying an Existing Business

Building a Powerful Marketing Plan

E-Commerce and the Entrepreneur

Pricing Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Sources of Financing: Debt and Equity

Global Opportunities

Building a Team and Management Succession

Filters

When the typical shopper enters a store,(s)he turns and moves in a fashion which increases the value of this section of the space.