Question 1

Roger is analyzing regional differences in seeking a location for a new firm and is looking at states with favorable tax laws.Based on this information,he should look at which stated?

Accepted Answer

A) Wyoming 
B) Massachusetts 
C) Ohio 
D) New York

Question 2

Daisy is planning a clothing manufacturing company.When selecting the location for her production facility,Daisy will want to consider:

Accepted Answer

A) ease of access to her customers. 
B) ease of access to transportation. 
C) availability of suitable labor. 
D) ease of access to raw materials.

Question 3

While one of the six key factors in determining a good business location may be more important in a given situation,each factor will always have some influence.

Accepted Answer

A) True 
 B)False

Question 4

A home location is still almost always considered a temporary situation until the business grows.

Accepted Answer

A) True 
 B)False

Question 5

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-The traditional physical facility from which businesses have historically operated

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 6

Hermione decided to create an Internet site to complement her bricks-and-mortar store:

Accepted Answer

A) to allow her customers to preview her products before coming to her store. 
B) to attract customers from outside her local area. 
C) to keep up with the competition. 
D) to reduce her overall expenses.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Tracy is looking for a building for her shoe store.A major consideration would be:

Accepted Answer

A) the building should have a welcoming exterior. 
B) the building should be on one level. 
C) the building should accommodate the growth she anticipates in the next five years. 
D) the building should be located in a shopping mall.

Question 9

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A business model usually set up around Internet auction sites that allow individuals and companies to list items available for sale to potential bidders

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 10

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A B2B wholesaler's bypassing of a "middleman" to sell its product or service directly to the final consumer

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 11

Many entrepreneurs start their online businesses as a part-time venture.

Accepted Answer

A) True 
 B)False

Question 12

Dallas is considering starting his business in his hometown,hoping that:

Accepted Answer

A) he can get a more favorable tax treatment. 
B) he does not have problems with zoning laws. 
C) his friends and family will use his service and encourage others to follow suit. 
D) his short commute will help reduce costs.

Question 13

Ethical questions are being raised about the combination of the _________ and _________models on one website.

Accepted Answer

A) information,content 
B) information,transaction 
C) content,transaction 
D) content,blogging

Question 14

How does electronic commerce benefit small firms?

Accepted Answer

A) Small firms are often more "tech savvy" allowing quicker adoption of innovations. 
B) Large firms may not push the consumer towards the Internet resulting in small firms being able to gain customers. 
C) E-commerce allows small firms to expand beyond local markets without having to make a large investment. 
D) The government has committed significant resources to encourage small firms to adopt an e-commerce business model.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Why are gas stations frequently located at the interchanges of interstate highways?

Accepted Answer

A) The site provides easy access to raw materials 
B) The site is easy to find at night. 
C) The site provides tax incentives because many are in rural areas. 
D) The site provides easy access to both customers and transportation.

Question 17

Zoning ordinances

Accepted Answer

A) may limit what type of business can be located on the property. 
B) will prevent commercial signs. 
C) typically will allow parking of customers but not employees. 
D) All of the above statements are true about zoning ordinances.

Question 18

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-An electronically based system that emphasizes customer relationships

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 19

Harry is starting a business where he restores homes built before 1900 and is purchasing used equipment,specifically lathes,planing mills,and drill presses.This equipment is would be an example of what type?

Accepted Answer

A) Special-purpose 
B) Product-layout 
C) General-purpose 
D) Automated

Question 20

Callista can locate her business in any state regardless of its weather because she sells:

Accepted Answer

A) air conditioners. 
B) outdoor swimming pools. 
C) consumer yard irrigation systems. 
D) mattresses.

Exam 9: The Location Plan

Roger is analyzing regional differences in seeking a location for a new firm and is looking at states with favorable tax laws.Based on this information,he should look at which stated?

Daisy is planning a clothing manufacturing company.When selecting the location for her production facility,Daisy will want to consider:

While one of the six key factors in determining a good business location may be more important in a given situation,each factor will always have some influence.

A home location is still almost always considered a temporary situation until the business grows.

Hermione decided to create an Internet site to complement her bricks-and-mortar store:

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

Tracy is looking for a building for her shoe store.A major consideration would be:

Many entrepreneurs start their online businesses as a part-time venture.

Dallas is considering starting his business in his hometown,hoping that:

Ethical questions are being raised about the combination of the _ and _models on one website.

How does electronic commerce benefit small firms?

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

Why are gas stations frequently located at the interchanges of interstate highways?

Zoning ordinances

Harry is starting a business where he restores homes built before 1900 and is purchasing used equipment,specifically lathes,planing mills,and drill presses.This equipment is would be an example of what type?

Callista can locate her business in any state regardless of its weather because she sells: