Question 1

While one of the six key factors in determining a good location may carry more weight for a particular business and its unique situation, each factor should always have some influence on the final location decision.

Accepted Answer

A) True 
 B)False

Question 2

Manufacturing equipment can be categorized as general-purpose and special-purpose.

Accepted Answer

A) True 
 B)False

Question 3

The role of a website can range from merely offering information and basic content to enabling complex business transactions.

Accepted Answer

A) True 
 B)False

Question 4

Match the term with its definition.
-Web-based businesses offering participants the ability to list products for consumer bidding

Accepted Answer

A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Question 5

Distinguish among manufacturing equipment, retail equipment, and office equipment using a candle factory and a candle store as examples.

Accepted Answer

The answer of Distinguish among manufacturing equipment, retail equipment, and...

Question 6

What are the advantages of locating a startup in one's home community?

Accepted Answer

The answer of What are the advantages of locating a...

Question 7

In the B2B model, the customers are

Accepted Answer

A)  businesses. 
B)  other consumers. 
C)  franchisees. 
D)  auction participants.

Question 8

Match the term with its definition.
-A business model in which a website provides a mechanism for buying or selling products or services

Accepted Answer

A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Question 9

Rachel is starting a daycare at her home in a suburban area. Which of the following professionals should she contact first before starting?

Accepted Answer

A)  The city's planning and zoning board to make sure she can have a business in the home 
B)  Her CPA to determine if she can claim a tax deduction for the business 
C)  Her insurance agent to increase the policy for coverage on the equipment and business activities on site 
D)  Her attorney to help draw up a business plan

Question 10

Bart is ready to look for a site for his new business. To help him in his search he should

Accepted Answer

A)  contact a local real estate agent. 
B)  check property for sale ads in the local newspaper. 
C)  check into site-selection software. 
D)  check with the local small business development office.

Question 11

Business incubators rent space to new businesses or people wishing to start businesses but do not offer management advice or provide any other form of assistance.

Accepted Answer

A) True 
 B)False

Question 12

The choice of a location for a physical facility is rarely a one-time decision.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  special-purpose 
B)  product-layout 
C)  general-purpose 
D)  automated

Question 14

Match the term with its definition.
-The traditional physical facility from which businesses have historically operated

Accepted Answer

A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Question 15

Sometimes an attorney can add an escape clause to a lease agreement that allows the lessee to exit the agreement under certain conditions.

Accepted Answer

A) True 
 B)False

Question 16

Steve started a Web-based business offering a mechanism for buying and selling antiques. He has set up his company using the ____ model.

Accepted Answer

A)  transaction-based 
B)  content-based 
C)  information-based 
D)  premium

Question 17

Melissa would like to reduce the number of phone calls she gets from customers who want to place orders. Which model would best work for Melissa?

Accepted Answer

A)  Information-based model 
B)  Content-based model 
C)  Transaction-based model 
D)  Customer-relationship-based model

Question 18

Most state and city governments go to great lengths to support startups.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  clothing manufacturer. 
B)  drugstore. 
C)  car-parts maker. 
D)  software development company.

Question 20

Match the term with its definition.
-A business model usually set up around Internet auction sites that allow individuals to list items available for sale to potential bidders

Accepted Answer

A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Exam 9: The Location Plan

While one of the six key factors in determining a good location may carry more weight for a particular business and its unique situation, each factor should always have some influence on the final location decision.

Manufacturing equipment can be categorized as general-purpose and special-purpose.

The role of a website can range from merely offering information and basic content to enabling complex business transactions.

Match the term with its definition. -Web-based businesses offering participants the ability to list products for consumer bidding

Distinguish among manufacturing equipment, retail equipment, and office equipment using a candle factory and a candle store as examples.

What are the advantages of locating a startup in one's home community?

In the B2B model, the customers are

Match the term with its definition. -A business model in which a website provides a mechanism for buying or selling products or services

Rachel is starting a daycare at her home in a suburban area. Which of the following professionals should she contact first before starting?

Bart is ready to look for a site for his new business. To help him in his search he should

Business incubators rent space to new businesses or people wishing to start businesses but do not offer management advice or provide any other form of assistance.

The choice of a location for a physical facility is rarely a one-time decision.

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

Match the term with its definition. -The traditional physical facility from which businesses have historically operated

Sometimes an attorney can add an escape clause to a lease agreement that allows the lessee to exit the agreement under certain conditions.

Steve started a Web-based business offering a mechanism for buying and selling antiques. He has set up his company using the ____ model.

Melissa would like to reduce the number of phone calls she gets from customers who want to place orders. Which model would best work for Melissa?

Most state and city governments go to great lengths to support startups.

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

Match the term with its definition. -A business model usually set up around Internet auction sites that allow individuals to list items available for sale to potential bidders