Question 1

Many central business districts suffer from intense competition,high rental rates,traffic congestion,and inadequate parking facilities.

Accepted Answer

A) True 
 B)False

Question 2

When analyzing the labor supply,a small business is concerned only with the level of education and training of the labor force in the are
a.

Accepted Answer

A) True 
 B)False

Question 3

One of the key factors in choosing a location for a convenience store is finding a location with high traffic volume and easy accessibility.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) power center 
B) community shopping center 
C) central business district 
D) strip mall 
A) power center 
B) community shopping center 
C) central business district 
D) strip mall

Question 5

Briefly describe the three basic layout options available to retailers.Generally comment on the most and least valuable areas in a retail store.

Accepted Answer

The three basic retail layouts are: 1.Gr

Question 6

Proximity to needed raw materials is critically important for a service firm.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is the greatest advantage of operating a home-based business?

Accepted Answer

A) The ability to save money by avoiding business startup taxes 
B) The exemption that home-based businesses receive from local zoning laws 
C) The low cost of setting up and operating the business 
D) The ability to claim all household expenses as business deductions for tax purposes 
A) The ability to save money by avoiding business startup taxes 
B) The exemption that home-based businesses receive from local zoning laws 
C) The low cost of setting up and operating the business 
D) The ability to claim all household expenses as business deductions for tax purposes

Question 8

When would a business choose to locate near the source of the raw material?

Accepted Answer

A) The company requires an important raw material that is difficult to transport. 
B) The company requires an important raw material that is expensive to transport. 
C) The company keeps its inventory of an important raw material low to keep costs down and counts on quick deliveries from suppliers. 
D) All of the above 
A) The company requires an important raw material that is difficult to transport. 
B) The company requires an important raw material that is expensive to transport. 
C) The company keeps its inventory of an important raw material low to keep costs down and counts on quick deliveries from suppliers. 
D) All of the above

Question 9

The most valuable space in a store is the:

Accepted Answer

A) nonselling space. 
B) main entry-level space. 
C) space at the back of the store. 
D) left-side,entry-level space. 
A) nonselling space. 
B) main entry-level space. 
C) space at the back of the store. 
D) left-side,entry-level space.

Question 10

Assuming that the new store space is 2,100 square feet (30' x 70'),and that the shape is rectangular,draw a layout for the new men's store.What merchandise should be placed where? What size office space and storage is needed? Where should counters be placed?

Accepted Answer

Student responses wi

Question 11

States that are generally most expensive to do business in could be described as:

Accepted Answer

A) inland states that do not have access to a coastline. 
B) states with low population densities. 
C) coastal "tourist" states and those will higher population densities. 
D) states located in the mid-west and northwest sections of the country. 
A) inland states that do not have access to a coastline. 
B) states with low population densities. 
C) coastal "tourist" states and those will higher population densities. 
D) states located in the mid-west and northwest sections of the country.

Question 12

List and discuss the six basic areas where retail and service businesses can locate.What are their advantages and disadvantages?

Accepted Answer

1.Central business districts (CBDs) The

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Incubator facilities are established in order to:

Accepted Answer

A) revitalize central business districts. 
B) enhance economic development and diversify the local economy. 
C) centralize types of businesses and provide tax breaks to those businesses. 
D) reuse old military bases and abandoned structures in economically depressed areas of a city. 
A) revitalize central business districts. 
B) enhance economic development and diversify the local economy. 
C) centralize types of businesses and provide tax breaks to those businesses. 
D) reuse old military bases and abandoned structures in economically depressed areas of a city.

Question 15

One extensive study concluded that changes in office design have a direct impact on workers':

Accepted Answer

A) performance. 
B) job satisfaction. 
C) ease of communication. 
D) All of the above 
A) performance. 
B) job satisfaction. 
C) ease of communication. 
D) All of the above

Question 16

Which of the following is an example of ergonomics?

Accepted Answer

A) Evaluating the climate-control needs of the work environment 
B) Assessing the lighting needs and the acoustics of a business office 
C) Considering the proper height of desks,chairs,etc.,when designing a work station 
D) All of the above 
A) Evaluating the climate-control needs of the work environment 
B) Assessing the lighting needs and the acoustics of a business office 
C) Considering the proper height of desks,chairs,etc.,when designing a work station 
D) All of the above

Question 17

Explain which manufacturing layout would be best for each of the three manufacturing issues the Wises face.

Accepted Answer

Kit production: probably the most effici

Question 18

Typically located near affluent residential neighborhoods where their target customers live,________ centers are designed to look less like shopping centers and malls and more like the busy streets in the central business districts that once existed in town and cites.

Accepted Answer

A) neighborhood 
B) power 
C) lifestyle 
D) community shopping 
A) neighborhood 
B) power 
C) lifestyle 
D) community shopping

Question 19

The index of retail saturation:

Accepted Answer

A) is retail expenditures times retail facilities divided by the number of customers. 
B) is the ratio of a trading area's sales potential to its sales capacity. 
C) evaluates both the number of customers and the intensity of competition in a trading area. 
D) B and C above 
A) is retail expenditures times retail facilities divided by the number of customers. 
B) is the ratio of a trading area's sales potential to its sales capacity. 
C) evaluates both the number of customers and the intensity of competition in a trading area. 
D) B and C above

Question 20

The typical ________ is relatively small,contains from 3 to 12 stores,and serves a population that lives within a 10-minute drive.

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

Many central business districts suffer from intense competition,high rental rates,traffic congestion,and inadequate parking facilities.

When analyzing the labor supply,a small business is concerned only with the level of education and training of the labor force in the are a.

One of the key factors in choosing a location for a convenience store is finding a location with high traffic volume and easy accessibility.

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

Briefly describe the three basic layout options available to retailers.Generally comment on the most and least valuable areas in a retail store.

Proximity to needed raw materials is critically important for a service firm.

Which of the following is the greatest advantage of operating a home-based business?

When would a business choose to locate near the source of the raw material?

The most valuable space in a store is the:

Assuming that the new store space is 2,100 square feet (30' x 70'),and that the shape is rectangular,draw a layout for the new men's store.What merchandise should be placed where? What size office space and storage is needed? Where should counters be placed?

States that are generally most expensive to do business in could be described as:

List and discuss the six basic areas where retail and service businesses can locate.What are their advantages and disadvantages?

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

Incubator facilities are established in order to:

One extensive study concluded that changes in office design have a direct impact on workers':

Which of the following is an example of ergonomics?

Explain which manufacturing layout would be best for each of the three manufacturing issues the Wises face.

Typically located near affluent residential neighborhoods where their target customers live,________ centers are designed to look less like shopping centers and malls and more like the busy streets in the central business districts that once existed in town and cites.

The index of retail saturation:

The typical ________ is relatively small,contains from 3 to 12 stores,and serves a population that lives within a 10-minute drive.

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

Many central business districts suffer from intense competition,high rental rates,traffic congestion,and inadequate parking facilities.

When analyzing the labor supply,a small business is concerned only with the level of education and training of the labor force in the are a.

One of the key factors in choosing a location for a convenience store is finding a location with high traffic volume and easy accessibility.

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

Briefly describe the three basic layout options available to retailers.Generally comment on the most and least valuable areas in a retail store.

Proximity to needed raw materials is critically important for a service firm.

Which of the following is the greatest advantage of operating a home-based business?

When would a business choose to locate near the source of the raw material?

The most valuable space in a store is the:

Assuming that the new store space is 2,100 square feet (30' x 70'),and that the shape is rectangular,draw a layout for the new men's store.What merchandise should be placed where? What size office space and storage is needed? Where should counters be placed?

States that are generally most expensive to do business in could be described as:

List and discuss the six basic areas where retail and service businesses can locate.What are their advantages and disadvantages?

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

Incubator facilities are established in order to:

One extensive study concluded that changes in office design have a direct impact on workers':

Which of the following is an example of ergonomics?

Explain which manufacturing layout would be best for each of the three manufacturing issues the Wises face.

Typically located near affluent residential neighborhoods where their target customers live,________ centers are designed to look less like shopping centers and malls and more like the busy streets in the central business districts that once existed in town and cites.

The index of retail saturation:

The typical ________ is relatively small,contains from 3 to 12 stores,and serves a population that lives within a 10-minute drive.

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