Exam 14: Choosing the Right Location and Layout

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Increased traffic flow can be beneficial to similar businesses located in close proximity to one another,such as auto dealers,clothing retailers,and antique shops.

(True/False)
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When planning store,office,or plant layouts,business owners usually focus on minimizing costs when what they should focus on is minimizing injuries and enhancing employees' productivity.

(True/False)
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Entrepreneurs using the Census Bureau's Web site to evaluate potential locations have access to which of the following information about the residents in those locations?

(Multiple Choice)
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The Americans with Disabilities Act:

(Multiple Choice)
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The Justice Department estimates that more than 20 percent of the cases customers have filed under the Americans with Disabilities Act involved changes the business owners could have made at a cost of:

(Multiple Choice)
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Which of the following statements concerning layout is true?

(Multiple Choice)
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Published annually,The Survey of Buying Power provides a detailed breakdown of population,retail sales,spendable income,etc.,for various census regions,states,etc.

(True/False)
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Which of the following do incubators offer their tenants?

(Multiple Choice)
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Briefly explain the fundamental considerations in evaluating an existing building as a location.Utilize the explanation of zoning laws,ergonomics and the Americans with Disabilities Act in your explanation.

(Essay)
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Prime selling space should be reserved for items that carry the highest markups.

(True/False)
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The primary reason for establishing a business incubator is to enhance economic development in an area and to diversify the local economy.

(True/False)
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A"business incubator" is a facility that offers low rental rates and permits startup small businesses to share resources.

(True/False)
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TIGER:

(Multiple Choice)
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A company's trade area can be influenced by intangible factors,such as physical and political barriers.

(True/False)
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Clever business owners choose their location with an eye on the surrounding mix of businesses.

(True/False)
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What is the state's overall attitude toward your kind of business? Has it passed laws that impose restrictions on the way a company can operate? Does the state offer small business support programs of financial assistance to entrepreneurs? These questions help an entrepreneur to assess the overall:

(Multiple Choice)
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A process layout would be best suited to:

(Multiple Choice)
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The most progressive companies seeking environmentally-friendly designs are using:

(Multiple Choice)
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In a retail layout,impulse and convenience goods should be located near the front of the store.

(True/False)
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Nature's Way,a health food store,has just opened in a popular neighborhood shopping center next to Silver's Gym,a physical fitness center catering to both men and women.Nature's Way is relying on which location principle?

(Multiple Choice)
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