Exam 14: Choosing the Right Location and Layout

A location that has housed several businesses that have failed within the past few years is likely to have a bad reputation and a negative image.

Which of the following is not true of home-based businesses?

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

The first level of the location decision is the selection of a particular region of the country.

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.

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

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

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

Some entrepreneurs may find that a mobile business that takes their products and services to their customers is an attractive "location" decision.

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?

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

When the cost of transporting finished goods to market is high relative to their value, the key location criterion is:

The Index of Retail Saturation (IRS) is a measure of the potential sales per square foot of store space for a given product in a specific trading area.

A publication that reports on more than 120,000 places in the United States, many of which are not available through census data, and includes eleven economic indicators for major markets, is the:

A location in a city offering a high quality of life can be attractive to the entrepreneur and may make ________ easier.

The most important factor when evaluating the labor supply in an area is its prevailing wage rate.

Ergonomics is a key factor in retail, service and manufacturing environments.

The Americans with Disabilities Act:

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.

A variance is a special exemption to a zoning ordinance.