Question 1

Factors such as ________ should be sought out in the selection of retail and service business locations.

Accepted Answer

A)  the lowest possible rent/lease options, transportation network, adequate parking, physical and psychological barriers 
B)  modest customer traffic, transportation network, lack of parking, physical and psychological barriers 
C)  customer traffic, transportation network, adequate parking, physical and psychological barriers 
D)  customer traffic, isolation from other stores, adequate parking, physical and psychological barriers 
A)  the lowest possible rent/lease options, transportation network, adequate parking, physical and psychological barriers 
B)  modest customer traffic, transportation network, lack of parking, physical and psychological barriers 
C)  customer traffic, transportation network, adequate parking, physical and psychological barriers 
D)  customer traffic, isolation from other stores, adequate parking, physical and psychological barriers

Question 2

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

Accepted Answer

A)  neighborhood 
B)  power 
C)  theme or festival 
D)  lifestyle 
A)  neighborhood 
B)  power 
C)  theme or festival 
D)  lifestyle

Question 3

The typical neighborhood shopping center contains from 3 to 12 stores and serves a population that lives within a 10-minute drive.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Identify and explain five of the eight criteria a small business owner should consider when selecting the state in which to locate her/his business.

Accepted Answer

1. Proximity to Markets
Locating close t

Question 6

List and discuss the eight options where retail and service businesses can serve their customers. What are their advantages and disadvantages?

Accepted Answer

1. Central Business Districts (CBDs)
The

Question 7

Shopping malls typically average ________ parking spaces per 1,000 square feet of shopping while a typical central business district offers ________ space(s) per 1,000 square feet of shopping space.

Accepted Answer

A)  20; 1 
B)  3; 6 
C)  5; 3.5 
D)  3; 8 
A)  20; 1 
B)  3; 6 
C)  5; 3.5 
D)  3; 8

Question 8

List and explain the main location criteria for retail and service businesses.

Accepted Answer

Trade Area Size
The region from which th

Question 9

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

Accepted Answer

1. Population Trends
In addition to demo

Question 10

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

Accepted Answer

A)  low rental or lease rates 
B)  proximity to raw materials 
C)  proximity to markets 
D)  zoning regulations 
A)  low rental or lease rates 
B)  proximity to raw materials 
C)  proximity to markets 
D)  zoning regulations

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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?

Accepted Answer

A)  Trade area 
B)  Retail consistency 
C)  Retail compatibility 
D)  Zoning 
A)  Trade area 
B)  Retail consistency 
C)  Retail compatibility 
D)  Zoning

Question 13

Zoning is a system that divides a city or country into small cells or districts to control the use of land, buildings, and sites.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following information is available from U.S. Census data?

Accepted Answer

A)  The value of the homes in an area 
B)  The number of rooms in the homes in an area 
C)  Number of vehicles owned 
D)  All of the above 
A)  The value of the homes in an area 
B)  The number of rooms in the homes in an area 
C)  Number of vehicles owned 
D)  All of the above

Question 15

________ provides useful demographic information in eight areas.

Accepted Answer

A)  Topological Integrated Geographic Encoding Referencing 
B)  The American Marketplace: Demographics and Spending Patterns 
C)  Zip Code Atlas and Market Planner 
D)  Sales and Marketing Management's Survey of Buying Power 
A)  Topological Integrated Geographic Encoding Referencing 
B)  The American Marketplace: Demographics and Spending Patterns 
C)  Zip Code Atlas and Market Planner 
D)  Sales and Marketing Management's Survey of Buying Power

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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 18

The location has far-reaching ramifications (such as high-tech companies) that need ________.

Accepted Answer

A)  a highly-skilled work force 
B)  a high traffic site 
C)  easy access to shipping routes 
D)  a nearby retail district 
A)  a highly-skilled work force 
B)  a high traffic site 
C)  easy access to shipping routes 
D)  a nearby retail district

Question 19

________, published annually, matches population demographics with lifestyle interests.

Accepted Answer

A)  The Lifestyle Market Analyst 
B)  The Commercial Atlas and Marketing Guide 
C)  The Zip Code Atlas and Market Planner 
D)  A Researcher's Guide to the 1990 Census 
A)  The Lifestyle Market Analyst 
B)  The Commercial Atlas and Marketing Guide 
C)  The Zip Code Atlas and Market Planner 
D)  A Researcher's Guide to the 1990 Census

Question 20

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

Factors such as ________ should be sought out in the selection of retail and service business locations.

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

The typical neighborhood shopping center contains from 3 to 12 stores and serves a population that lives within a 10-minute drive.

The index of retail saturation for site #2 is $________.

Identify and explain five of the eight criteria a small business owner should consider when selecting the state in which to locate her/his business.

List and discuss the eight options where retail and service businesses can serve their customers. What are their advantages and disadvantages?

Shopping malls typically average parking spaces per 1,000 square feet of shopping while a typical central business district offers space(s) per 1,000 square feet of shopping space.

List and explain the main location criteria for retail and service businesses.

Identify and briefly discuss the eight 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 ________.

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

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?

Zoning is a system that divides a city or country into small cells or districts to control the use of land, buildings, and sites.

Which of the following information is available from U.S. Census data?

________ provides useful demographic information in eight areas.

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

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.

The location has far-reaching ramifications (such as high-tech companies) that need ________.

________, published annually, matches population demographics with lifestyle interests.

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

The Foundations of Entrepreneurship

Ethics and Social Responsibility: Doing the Right Thing

Inside the Entrepreneurial Mind: From Ideas to Reality

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership and Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit 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

Factors such as ________ should be sought out in the selection of retail and service business locations.

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

The typical neighborhood shopping center contains from 3 to 12 stores and serves a population that lives within a 10-minute drive.

The index of retail saturation for site #2 is $________.

Identify and explain five of the eight criteria a small business owner should consider when selecting the state in which to locate her/his business.

List and discuss the eight options where retail and service businesses can serve their customers. What are their advantages and disadvantages?

Shopping malls typically average ________ parking spaces per 1,000 square feet of shopping while a typical central business district offers ________ space(s) per 1,000 square feet of shopping space.

List and explain the main location criteria for retail and service businesses.

Identify and briefly discuss the eight 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 ________.

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

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?

Zoning is a system that divides a city or country into small cells or districts to control the use of land, buildings, and sites.

Which of the following information is available from U.S. Census data?

________ provides useful demographic information in eight areas.

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

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.

The location has far-reaching ramifications (such as high-tech companies) that need ________.

________, published annually, matches population demographics with lifestyle interests.

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

The Foundations of Entrepreneurship

Ethics and Social Responsibility: Doing the Right Thing

Inside the Entrepreneurial Mind: From Ideas to Reality

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership and Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Sources of Financing: Debt and Equity

Global Opportunities

Building a Team and Management Succession

Filters

Shopping malls typically average parking spaces per 1,000 square feet of shopping while a typical central business district offers space(s) per 1,000 square feet of shopping space.