Question 1

The central business district (CBD) ________.

Accepted Answer

A)  is the traditional center of town 
B)  in many cities experienced decay in years past as customers began shopping more frequently at malls and shopping centers, but are now going through revitalization programs 
C)  attracts customers from the entire trading area of the city 
D)  All of the above

Question 2

For many entrepreneurs, quality of life is one of the key determinants of their choice of locale.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Geographic Information Systems (GIS) are powerful software programs that allow entrepreneurs to pinpoint the ideal location for their businesses.

Accepted Answer

A) True 
 B)False

Question 5

One element of the location decision common to all businesses is the need to locate where customers want to do business.

Accepted Answer

A) True 
 B)False

Question 6

When examining a state's available labor force, the potential business owner needs to know ________.

Accepted Answer

A)  the state's labor relations history 
B)  the demographics of the target customers 
C)  both the number and education of the available workforce 
D)  the proximity to its customers

Question 7

Job training for workers and reduced tax rates, financial grants and loans, are examples of what some ________ offer as business ________ to locate in their jurisdictions.

Accepted Answer

A)  states; motivators 
B)  cities; incentives 
C)  regions; perks 
D)  counties; attractions

Question 8

Select six of the features that are important to a lean, efficient manufacturing layout and identify a potential benefit that they may offer the business.

Accepted Answer

The answer of Select six of the features that are...

Question 9

One of the key factors in choosing a location for a convenience store is finding a location with high traffic volume and easy accessibility.

Accepted Answer

A) True 
 B)False

Question 10

What publications could Fred use to investigate whether or not this is a good region for this bar?

Accepted Answer

The answer of What publications could Fred use to investigate...

Question 11

A company's trade area can be influenced by intangible factors, such as physical and political barriers.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is an advantage of locating in a central business district?

Accepted Answer

A)  Low rent 
B)  Easy and abundant parking 
C)  The ability to attract customers from the entire trading area 
D)  Moderate to low levels of competition

Question 13

Mary's successful clothing store was located on the back edge of the parking lot of a large mall. She did not have to pay mall rents since she was not part of the mall, but drew many customers who parked at the mall and then noticed her store. The mall developers built a movie theater on the part of the parking lot directly in front of Mary's store, basically hiding her from most mall customers. After about six months, Mary's business dropped off so much she had to move. What retailer site selection criterion forced Mary to move?

Accepted Answer

A)  Proximity of competitors 
B)  Visibility 
C)  Adequate parking 
D)  Room for expansion

Question 14

On average, the typical central business district has more parking spaces per square foot of shopping space than the typical shopping mall.

Accepted Answer

A) True 
 B)False

Question 15

One direct way to lower annual operating costs is to locate in a state where ________.

Accepted Answer

A)  there is an attractive business climate 
B)  the labor market is highly competitive 
C)  taxes and regulatory costs are lowest 
D)  the key markets are relatively accessible

Question 16

Briefly explain the fundamental considerations in evaluating an existing building as a location. Utilize the explanation of zoning laws, ergonomics and the Americans with Disabilities Act in your explanation.

Accepted Answer

The answer of Briefly explain the fundamental considerations in evaluating...

Question 17

Clothing is one of the most popular items sold in regional shopping malls.

Accepted Answer

A) True 
 B)False

Question 18

For some retailers, locating near competitors makes sense because similar businesses located near one another can increase traffic flow to all.

Accepted Answer

A) True 
 B)False

Question 19

Because they are centrally located, central business district locations offer business owners the ability to attract customers from the entire trading area of the city.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is/are disadvantage(s) of locating in a central business district?

Accepted Answer

A)  Intense competition 
B)  High rental rates 
C)  Traffic congestion and inadequate parking facilities 
D)  All of the above

Exam 14: Choosing the Right Location and Layout

The central business district (CBD) ________.

For many entrepreneurs, quality of life is one of the key determinants of their choice of locale.

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

Geographic Information Systems (GIS) are powerful software programs that allow entrepreneurs to pinpoint the ideal location for their businesses.

One element of the location decision common to all businesses is the need to locate where customers want to do business.

When examining a state's available labor force, the potential business owner needs to know ________.

Job training for workers and reduced tax rates, financial grants and loans, are examples of what some offer as business to locate in their jurisdictions.

Select six of the features that are important to a lean, efficient manufacturing layout and identify a potential benefit that they may offer the business.

One of the key factors in choosing a location for a convenience store is finding a location with high traffic volume and easy accessibility.

What publications could Fred use to investigate whether or not this is a good region for this bar?

A company's trade area can be influenced by intangible factors, such as physical and political barriers.

Which of the following is an advantage of locating in a central business district?

On average, the typical central business district has more parking spaces per square foot of shopping space than the typical shopping mall.

One direct way to lower annual operating costs is to locate in a state where ________.

Briefly explain the fundamental considerations in evaluating an existing building as a location. Utilize the explanation of zoning laws, ergonomics and the Americans with Disabilities Act in your explanation.

Clothing is one of the most popular items sold in regional shopping malls.

For some retailers, locating near competitors makes sense because similar businesses located near one another can increase traffic flow to all.

Because they are centrally located, central business district locations offer business owners the ability to attract customers from the entire trading area of the city.

Which of the following is/are disadvantage(s) of locating in a central business district?