Question 1

Many entrepreneurs recognize the value of talking to local realtors to determine site availability and appropriateness.

Accepted Answer

A) True 
 B)False

Question 2

The site location is more important for a painting contractor than for a dress shop.

Accepted Answer

A) True 
 B)False

Question 3

The primary factor in determining the location for a sawmill would probably be proximity to the market.

Accepted Answer

A) True 
 B)False

Question 4

B2B success stories generally receive more publicity than B2C ventures.

Accepted Answer

A) True 
 B)False

Question 5

A brick-and-mortar store is actually a general term that refers to any retail outlet dealing in building supplies.

Accepted Answer

A) True 
 B)False

Question 6

Enterprise zones are sponsored by local city or county governments; they offer new businesses exemption from property taxes on plant and equipment for the lifetime of the plant

Accepted Answer

A) True 
 B)False

Question 7

Customer accessibility is the most critical factor in evaluating a specific site for a

Accepted Answer

A)  clothing manufacturer. 
B)  drugstore. 
C)  plumber. 
D)  software development company.

Question 8

Using special-purpose equipment in the manufacturing process typically results in

Accepted Answer

A)  increased operator errors. 
B)  higher costs of processing. 
C)  a rise in accident rates. 
D)  greater output per machine-hour of operation.

Question 9

In deciding on the location for a business, the entrepreneur must consider five major factors. Identify these factors and briefly summarize the impact each factor has on the entrepreneur's decision.

Accepted Answer

The answer of In deciding on the location for a...

Question 10

Which of the following is not one of the advantages B2C models have over bricks-and-mortar retailing?

Accepted Answer

A)  Speed of access 
B)  Speed of transaction 
C)  24/7 service 
D)  Superior customer service

Question 11

One of the advantages B2C businesses have over traditional retailers is that they can quickly change product mixes and prices, as well as the appearance of the store (that is, the Web site).

Accepted Answer

A) True 
 B)False

Question 12

One of the greatest contributions that incubator facilities provide to small businesses include

Accepted Answer

A)  shared manufacturing space. 
B)  postal services. 
C)  management assistance. 
D)  university sponsorship.

Question 13

States establish enterprise zones in order to locate businesses where they can take advantage of the services of other businesses located in the same general area.

Accepted Answer

A) True 
 B)False

Question 14

To maximize sales and profits, a discount shoe store should create an atmosphere similar to that of better department stores, with thick carpets, indirect lighting, and big easy chairs.

Accepted Answer

A) True 
 B)False

Question 15

An example of special-purpose equipment is a

Accepted Answer

A)  lathe. 
B)  bottling machine. 
C)  drill press. 
D)  ripsaw.

Question 16

When criteria are evaluated in selecting the location for a new business, one factor may be more important in a given situation, but each factor always has an influence.

Accepted Answer

A) True 
 B)False

Question 17

Dell Computer Corporation deals directly with corporate customers online and builds computers to specifications after an order is placed, which reduces the firm's storage and carrying costs. This illustrates that B2B firms can create

Accepted Answer

A)  greater efficiency in their selling. 
B)  greater efficiency it their buying. 
C)  synergies between buying and selling. 
D)  market reach through e-commerce.

Question 18

Which of the following is a true statement?

Accepted Answer

A)  There is no opportunity on-line since the dot-com bubble burst 
B)  All business models can be modified to work on-line 
C)  The Internet is basically a tool that parties use to communicate 
D)  Our current economy relies very little on the Internet

Question 19

For many entrepreneurs, choosing a location for a small business is a one-time decision-made only when the business is first established or purchased.

Accepted Answer

A) True 
 B)False

Question 20

Revenues from auction sites are derived for the most part from

Accepted Answer

A)  banner ads. 
B)  listing fees and commissions on sales. 
C)  corporate sponsors. 
D)  investors.

Exam 9: The Location Plan

Many entrepreneurs recognize the value of talking to local realtors to determine site availability and appropriateness.

The site location is more important for a painting contractor than for a dress shop.

The primary factor in determining the location for a sawmill would probably be proximity to the market.

B2B success stories generally receive more publicity than B2C ventures.

A brick-and-mortar store is actually a general term that refers to any retail outlet dealing in building supplies.

Enterprise zones are sponsored by local city or county governments; they offer new businesses exemption from property taxes on plant and equipment for the lifetime of the plant

Customer accessibility is the most critical factor in evaluating a specific site for a

Using special-purpose equipment in the manufacturing process typically results in

In deciding on the location for a business, the entrepreneur must consider five major factors. Identify these factors and briefly summarize the impact each factor has on the entrepreneur's decision.

Which of the following is not one of the advantages B2C models have over bricks-and-mortar retailing?

One of the advantages B2C businesses have over traditional retailers is that they can quickly change product mixes and prices, as well as the appearance of the store (that is, the Web site).

One of the greatest contributions that incubator facilities provide to small businesses include

States establish enterprise zones in order to locate businesses where they can take advantage of the services of other businesses located in the same general area.

To maximize sales and profits, a discount shoe store should create an atmosphere similar to that of better department stores, with thick carpets, indirect lighting, and big easy chairs.

An example of special-purpose equipment is a

When criteria are evaluated in selecting the location for a new business, one factor may be more important in a given situation, but each factor always has an influence.

Dell Computer Corporation deals directly with corporate customers online and builds computers to specifications after an order is placed, which reduces the firm's storage and carrying costs. This illustrates that B2B firms can create

Which of the following is a true statement?

For many entrepreneurs, choosing a location for a small business is a one-time decision-made only when the business is first established or purchased.

Revenues from auction sites are derived for the most part from