Question 1

Two important criteria for selecting and designing a production layout are:

Accepted Answer

A) worker effectiveness and material handling costs. 
B) worker effectiveness and maximum visibility. 
C) space use and proximity to raw materials. 
D) material handling costs and overall convenience factors. 
A) worker effectiveness and material handling costs. 
B) worker effectiveness and maximum visibility. 
C) space use and proximity to raw materials. 
D) material handling costs and overall convenience factors.

Question 2

According to the International Council of Shopping Centers,the average cost to lease space in a shopping center is about $17 per square foot,________ that of regional malls,lifestyle centers and power centers.

Accepted Answer

A) less than 
B) about the same as 
C) more than 
D) twice as much as 
A) less than 
B) about the same as 
C) more than 
D) twice as much as

Question 3

Layout in a retail store evolves from a clear understanding of customers' buying habits.

Accepted Answer

A) True 
 B)False

Question 4

A recent study found that 52 percent of all small companies are home based.

Accepted Answer

A) True 
 B)False

Question 5

Office design has little impact on workers' job performance,job satisfaction,and ease of communication.

Accepted Answer

A) True 
 B)False

Question 6

Empowerment zones are specially designated areas in or near a U.S.customs port of entry that allows resident companies to import materials and components from foreign countries; assemble,process,manufacture,or package them; and then ship the finished product while either reducing or eliminating tariffs and duties.

Accepted Answer

A) True 
 B)False

Question 7

The wise small retailer separates selling and nonselling activities; she does not waste valuable selling space with nonselling activities.

Accepted Answer

A) True 
 B)False

Question 8

The ideal location for a retail business is in the entrepreneur's home.

Accepted Answer

A) True 
 B)False

Question 9

The region from which a business can expect to draw its customers over a reasonable time span is called its:

Accepted Answer

A) enterprise zone. 
B) zoning area. 
C) trading area. 
D) retail draw. 
A) enterprise zone. 
B) zoning area. 
C) trading area. 
D) retail draw.

Question 10

A regional shopping mall serves a large trading area (10 to 15 miles or more),contains from 50 to 100 stores,and draws customers from a population that lives within 20 to 40 minutes driving time.

Accepted Answer

A) True 
 B)False

Question 11

A glass manufacturer that requires an extremely pure,very fine sand in its production process would be most concerned about the:

Accepted Answer

A) business climate. 
B) proximity to raw materials. 
C) demographic profile of the local market. 
D) local wage rates. 
A) business climate. 
B) proximity to raw materials. 
C) demographic profile of the local market. 
D) local wage rates.

Question 12

Attributes such as lighting,sound and scent are unimportant attributes to most retail stores.

Accepted Answer

A) True 
 B)False

Question 13

Creating a proper layout is important for retail operations,but not for manufacturers since manufacturing layout principles offer very little opportunity to improve efficiency or to increase productivity.

Accepted Answer

A) True 
 B)False

Question 14

Geographic concentrations of interconnected companies,specialized suppliers,and service providers that are present in a region are called:

Accepted Answer

A) zones. 
B) clusters. 
C) trading areas. 
D) variances. 
A) zones. 
B) clusters. 
C) trading areas. 
D) variances.

Question 15

What is a business incubator? What can an incubator offer an entrepreneur just starting out?

Accepted Answer

A business incubator is an organization

Question 16

Choosing a location in which many other businesses have failed can create a negative image,even for a "new" business.

Accepted Answer

A) True 
 B)False

Question 17

When designing the layout of a store,office,or plant,a business owner's primary focus is usually on ________; however,it should be on ________.

Accepted Answer

A) minimizing costs; maximizing security 
B) enhancing workers' productivity; minimizing costs 
C) increasing sales; customer accessibility 
D) minimizing costs; minimizing injuries and enhancing employees' productivity 
A) minimizing costs; maximizing security 
B) enhancing workers' productivity; minimizing costs 
C) increasing sales; customer accessibility 
D) minimizing costs; minimizing injuries and enhancing employees' productivity

Question 18

When choosing a location,a small business owner should match the characteristics of the labor force her company requires with the characteristics of an area's available labor pool.

Accepted Answer

A) True 
 B)False

Question 19

The purpose of zoning regulations is to:

Accepted Answer

A) restrict the growth of businesses. 
B) contain similar types of activities in suitable locations. 
C) help new businesses "incubate" in their startup period. 
D) build the traffic volume for retail and service businesses. 
A) restrict the growth of businesses. 
B) contain similar types of activities in suitable locations. 
C) help new businesses "incubate" in their startup period. 
D) build the traffic volume for retail and service businesses.

Question 20

A community shopping center contains from three to twelve stores and serves a population that lives within a 10-minute drive.

Accepted Answer

A) True 
 B)False

Two important criteria for selecting and designing a production layout are:

According to the International Council of Shopping Centers,the average cost to lease space in a shopping center is about $17 per square foot,________ that of regional malls,lifestyle centers and power centers.

Layout in a retail store evolves from a clear understanding of customers' buying habits.

A recent study found that 52 percent of all small companies are home based.

Office design has little impact on workers' job performance,job satisfaction,and ease of communication.

The wise small retailer separates selling and nonselling activities; she does not waste valuable selling space with nonselling activities.

The ideal location for a retail business is in the entrepreneur's home.

The region from which a business can expect to draw its customers over a reasonable time span is called its:

A regional shopping mall serves a large trading area (10 to 15 miles or more),contains from 50 to 100 stores,and draws customers from a population that lives within 20 to 40 minutes driving time.

A glass manufacturer that requires an extremely pure,very fine sand in its production process would be most concerned about the:

Attributes such as lighting,sound and scent are unimportant attributes to most retail stores.

Creating a proper layout is important for retail operations,but not for manufacturers since manufacturing layout principles offer very little opportunity to improve efficiency or to increase productivity.

Geographic concentrations of interconnected companies,specialized suppliers,and service providers that are present in a region are called:

What is a business incubator? What can an incubator offer an entrepreneur just starting out?

Choosing a location in which many other businesses have failed can create a negative image,even for a "new" business.

When designing the layout of a store,office,or plant,a business owner's primary focus is usually on ; however,it should be on .

When choosing a location,a small business owner should match the characteristics of the labor force her company requires with the characteristics of an area's available labor pool.

The purpose of zoning regulations is to:

A community shopping center contains from three to twelve 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

Two important criteria for selecting and designing a production layout are:

According to the International Council of Shopping Centers,the average cost to lease space in a shopping center is about $17 per square foot,________ that of regional malls,lifestyle centers and power centers.

Layout in a retail store evolves from a clear understanding of customers' buying habits.

A recent study found that 52 percent of all small companies are home based.

Office design has little impact on workers' job performance,job satisfaction,and ease of communication.

The wise small retailer separates selling and nonselling activities; she does not waste valuable selling space with nonselling activities.

The ideal location for a retail business is in the entrepreneur's home.

The region from which a business can expect to draw its customers over a reasonable time span is called its:

A regional shopping mall serves a large trading area (10 to 15 miles or more),contains from 50 to 100 stores,and draws customers from a population that lives within 20 to 40 minutes driving time.

A glass manufacturer that requires an extremely pure,very fine sand in its production process would be most concerned about the:

Attributes such as lighting,sound and scent are unimportant attributes to most retail stores.

Creating a proper layout is important for retail operations,but not for manufacturers since manufacturing layout principles offer very little opportunity to improve efficiency or to increase productivity.

Geographic concentrations of interconnected companies,specialized suppliers,and service providers that are present in a region are called:

What is a business incubator? What can an incubator offer an entrepreneur just starting out?

Choosing a location in which many other businesses have failed can create a negative image,even for a "new" business.

When designing the layout of a store,office,or plant,a business owner's primary focus is usually on ________; however,it should be on ________.

When choosing a location,a small business owner should match the characteristics of the labor force her company requires with the characteristics of an area's available labor pool.

The purpose of zoning regulations is to:

A community shopping center contains from three to twelve 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

When designing the layout of a store,office,or plant,a business owner's primary focus is usually on ; however,it should be on .