Question 1

Which of the following characteristics for selecting a city would be of greatest interest to a retail store selling fine china and collectibles?

Accepted Answer

A) Public services 
B) Transportation 
C) Zoning 
D) Population characteristics 
A) Public services 
B) Transportation 
C) Zoning 
D) Population characteristics

Question 2

In small stores,every portion of the interior space is of equal value in generating sales.

Accepted Answer

A) True 
 B)False

Question 3

The first phase in selecting a location is determining what regions of the country are experiencing substantial growth.

Accepted Answer

A) True 
 B)False

Question 4

One direct way to lower annual operating costs is to locate in a state where:

Accepted Answer

A) there is an attractive business climate. 
B) the labor market is highly competitive. 
C) taxes and regulatory costs are lowest. 
D) the key markets are relatively accessible. 
A) there is an attractive business climate. 
B) the labor market is highly competitive. 
C) taxes and regulatory costs are lowest. 
D) the key markets are relatively accessible.

Question 5

A good manufacturing layout requires all but which of the following?

Accepted Answer

A) Flow/process study 
B) Easy adjustment to changing conditions 
C) Good housekeeping 
D) An assembly line 
A) Flow/process study 
B) Easy adjustment to changing conditions 
C) Good housekeeping 
D) An assembly line

Question 6

What city-related factors does Fred need to consider when evaluating this community as a location for a bar?

Accepted Answer

Fred should look at the city's populatio

Question 7

Job training for workers and reduced tax rates to financial grants and loans are examples of what some ________ offer as business ________ to locate in their jurisdictions.

Accepted Answer

A) states; motivators 
B) cities; incentives 
C) regions; perks 
D) counties; attractions 
A) states; motivators 
B) cities; incentives 
C) regions; perks 
D) counties; attractions

Question 8

According to the National Business Incubation Association,graduates from incubators have a success rate of ________ percent.

Accepted Answer

A) 57 
B) 67 
C) 77 
D) 87 
A) 57 
B) 67 
C) 77 
D) 87

Question 9

To be effective,a business sign should:

Accepted Answer

A) be large enough for passersby to read from a distance. 
B) contain a message that is short,simple,and clear. 
C) be properly illuminated so that it is legible both day and night. 
D) All of the above 
A) be large enough for passersby to read from a distance. 
B) contain a message that is short,simple,and clear. 
C) be properly illuminated so that it is legible both day and night. 
D) All of the above

Question 10

The index of retail saturation for site #2 is:

Accepted Answer

A) $164.27. 
B) $140.83. 
C) $170.64. 
D) $146.30. 
A) $164.27. 
B) $140.83. 
C) $170.64. 
D) $146.30.

Question 11

Select six of the features that are important to a lean,efficient manufacturing layout and identify a potential benefit that they may offer the business.

Accepted Answer

Students are to respond with five of the

Question 12

Generally,the larger a retail store and the greater its selection,the broader its trade are
a.

Accepted Answer

A) True 
 B)False

Question 13

When conducting a regional evaluation,one of the first places an entrepreneur should turn for information is the U.S.Census Bureau.

Accepted Answer

A) True 
 B)False

Question 14

A power center combines the drawing strength of a large regional mall with the convenience of a neighborhood shopping center.

Accepted Answer

A) True 
 B)False

Question 15

Lighting is often an inexpensive investment for improving employee performance and the overall appearance of the business.

Accepted Answer

A) True 
 B)False

Question 16

The science of adapting work and working conditions to complement employees' strengths and to suit customers' needs is called:

Accepted Answer

A) physiology. 
B) ergonomics. 
C) formology. 
D) kinesiology. 
A) physiology. 
B) ergonomics. 
C) formology. 
D) kinesiology.

Question 17

The majority of a store's customers go more than halfway into the store.

Accepted Answer

A) True 
 B)False

Question 18

In addition to the layout of the store,behavioral experts recommend that retailers consider the impacts of ________ ,________ and ________ on customer behavior.

Accepted Answer

A) lighting; sound; scent 
B) lighting; noise; orientation 
C) lighting; sound; noise 
D) signage; sound; scent 
A) lighting; sound; scent 
B) lighting; noise; orientation 
C) lighting; sound; noise 
D) signage; sound; scent

Question 19

________ is the logical arrangement of the physical facilities in a business that contributes to efficient operations,increased productivity,and higher sales.

Accepted Answer

A) The Index of Retail Saturation 
B) Layout 
C) Logistics 
D) The Sales Conversion Index 
A) The Index of Retail Saturation 
B) Layout 
C) Logistics 
D) The Sales Conversion Index

Question 20

On average,the typical central business district has more parking spaces per square foot of shopping space than the typical shopping mall.

Accepted Answer

A) True 
 B)False

Which of the following characteristics for selecting a city would be of greatest interest to a retail store selling fine china and collectibles?

In small stores,every portion of the interior space is of equal value in generating sales.

The first phase in selecting a location is determining what regions of the country are experiencing substantial growth.

One direct way to lower annual operating costs is to locate in a state where:

A good manufacturing layout requires all but which of the following?

What city-related factors does Fred need to consider when evaluating this community as a location for a bar?

Job training for workers and reduced tax rates to financial grants and loans are examples of what some offer as business to locate in their jurisdictions.

According to the National Business Incubation Association,graduates from incubators have a success rate of ________ percent.

To be effective,a business sign should:

The index of retail saturation for site #2 is:

Select six of the features that are important to a lean,efficient manufacturing layout and identify a potential benefit that they may offer the business.

Generally,the larger a retail store and the greater its selection,the broader its trade are a.

When conducting a regional evaluation,one of the first places an entrepreneur should turn for information is the U.S.Census Bureau.

A power center combines the drawing strength of a large regional mall with the convenience of a neighborhood shopping center.

Lighting is often an inexpensive investment for improving employee performance and the overall appearance of the business.

The science of adapting work and working conditions to complement employees' strengths and to suit customers' needs is called:

The majority of a store's customers go more than halfway into the store.

In addition to the layout of the store,behavioral experts recommend that retailers consider the impacts of , and on customer behavior.

________ is the logical arrangement of the physical facilities in a business that contributes to efficient operations,increased productivity,and higher sales.

On average,the typical central business district has more parking spaces per square foot of shopping space than the typical shopping mall.

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

Which of the following characteristics for selecting a city would be of greatest interest to a retail store selling fine china and collectibles?

In small stores,every portion of the interior space is of equal value in generating sales.

The first phase in selecting a location is determining what regions of the country are experiencing substantial growth.

One direct way to lower annual operating costs is to locate in a state where:

A good manufacturing layout requires all but which of the following?

What city-related factors does Fred need to consider when evaluating this community as a location for a bar?

Job training for workers and reduced tax rates to financial grants and loans are examples of what some ________ offer as business ________ to locate in their jurisdictions.

According to the National Business Incubation Association,graduates from incubators have a success rate of ________ percent.

To be effective,a business sign should:

The index of retail saturation for site #2 is:

Select six of the features that are important to a lean,efficient manufacturing layout and identify a potential benefit that they may offer the business.

Generally,the larger a retail store and the greater its selection,the broader its trade are a.

When conducting a regional evaluation,one of the first places an entrepreneur should turn for information is the U.S.Census Bureau.

A power center combines the drawing strength of a large regional mall with the convenience of a neighborhood shopping center.

Lighting is often an inexpensive investment for improving employee performance and the overall appearance of the business.

The science of adapting work and working conditions to complement employees' strengths and to suit customers' needs is called:

The majority of a store's customers go more than halfway into the store.

In addition to the layout of the store,behavioral experts recommend that retailers consider the impacts of ________ ,________ and ________ on customer behavior.

________ is the logical arrangement of the physical facilities in a business that contributes to efficient operations,increased productivity,and higher sales.

On average,the typical central business district has more parking spaces per square foot of shopping space than the typical shopping mall.

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

Job training for workers and reduced tax rates to financial grants and loans are examples of what some offer as business to locate in their jurisdictions.

In addition to the layout of the store,behavioral experts recommend that retailers consider the impacts of , and on customer behavior.