Question 1

Foreign trade zones were created in:

Accepted Answer

A) 2001. 
B) 1992. 
C) 1902. 
D) 1934. 
A) 2001. 
B) 1992. 
C) 1902. 
D) 1934.

Question 2

When doing a traffic count,the total number of shoppers passing by is the critical factor in evaluating the site.

Accepted Answer

A) True 
 B)False

Question 3

Most retailers consider what customers want to experience when designing their spaces.

Accepted Answer

A) True 
 B)False

Question 4

The ________ serves a large trading area (10 to 15 miles or more),contains from 50 to 100 stores,and has several major department stores as its anchors.

Accepted Answer

A) neighborhood shopping center 
B) community shopping center 
C) regional shopping mall 
D) central business district 
A) neighborhood shopping center 
B) community shopping center 
C) regional shopping mall 
D) central business district

Question 5

When manufacturing large,bulky products,it is sometimes necessary to bring the materials to a specific spot and do the assembly in one place.This type of layout is know as a:

Accepted Answer

A) process layout. 
B) fixed-position layout. 
C) function layout. 
D) product layout. 
A) process layout. 
B) fixed-position layout. 
C) function layout. 
D) product layout.

Question 6

The index of retail saturation is:

Accepted Answer

A) retail expenditures times retail facilities divided by the number of customers. 
B) the ratio of a trading area's sales potential to its sales capacity. 
C) a buying power index. 
D) retail facilities times the number of customers divided by the retail expenditures. 
A) retail expenditures times retail facilities divided by the number of customers. 
B) the ratio of a trading area's sales potential to its sales capacity. 
C) a buying power index. 
D) retail facilities times the number of customers divided by the retail expenditures.

Question 7

The boutique layout is commonly used in:

Accepted Answer

A) supermarkets. 
B) self-service stores. 
C) small department stores. 
D) stores with a high number of impulse goods. 
A) supermarkets. 
B) self-service stores. 
C) small department stores. 
D) stores with a high number of impulse goods.

Question 8

A foreign trade zone is a specially designed area that allows resident companies to import from foreign countries what they need to do their business and ship finished products out with minimal tariffs,etc.

Accepted Answer

A) True 
 B)False

Question 9

For retailers,lighting:

Accepted Answer

A) is used to attract customers to a specific display. 
B) is an expensive investment. 
C) has little impact on the overall appearance of the business. 
D) requires the same considerations as for manufacturers. 
A) is used to attract customers to a specific display. 
B) is an expensive investment. 
C) has little impact on the overall appearance of the business. 
D) requires the same considerations as for manufacturers.

Question 10

A telemarketing customer service unit for the credit card business of an interstate bank would be most concerned about ________ in the choice of state.

Accepted Answer

A) proximity to markets 
B) wage rates and labor supply 
C) competition and business climate 
D) population trends and competition 
A) proximity to markets 
B) wage rates and labor supply 
C) competition and business climate 
D) population trends and competition

Question 11

Outline the nine areas from which the retailer and service business owner have to choose in locating their stores.What are the advantages and disadvantages of each?

Accepted Answer

Retail and service businesses have nine

Question 12

Layout of any retail facility requires the owner's observation and understanding of customers' buying habits.

Accepted Answer

A) True 
 B)False

Question 13

The type of business that does well when located near competitors is:

Accepted Answer

A) one that has a unique product line,dissimilar to that of its competitors. 
B) one that sells high-priced products that customers comparison shop for. 
C) one whose location is part of its trademark. 
D) one located in an incubator. 
A) one that has a unique product line,dissimilar to that of its competitors. 
B) one that sells high-priced products that customers comparison shop for. 
C) one whose location is part of its trademark. 
D) one located in an incubator.

Question 14

An interstate trucking firm would be most concerned with which selection criterion at the state level?

Accepted Answer

A) Business climate 
B) Proximity to markets 
C) Proximity to raw materials 
D) Wage rates 
A) Business climate 
B) Proximity to markets 
C) Proximity to raw materials 
D) Wage rates

Question 15

Locating near ________ might be a key factor for success in businesses that sell goods that customers compare on the basis of price,quality,color,and other factors.

Accepted Answer

A) customers 
B) suppliers 
C) competitors 
D) employees 
A) customers 
B) suppliers 
C) competitors 
D) employees

Question 16

A small brick manufacturer would be concerned most with which location criterion?

Accepted Answer

A) Business climate 
B) Labor supply needs 
C) Wage rates 
D) Proximity to markets 
A) Business climate 
B) Labor supply needs 
C) Wage rates 
D) Proximity to markets

Question 17

What factors should the small business owner consider when selecting the city location for his/her small business? What is the index of retail saturation and how does it help a retailer in making this decision?

Accepted Answer

? POPULATION TRENDS.An entrepreneur shou

Question 18

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

Accepted Answer

∙ PROXIMITY TO MARKETS.Locating close to

Question 19

Retail layout is the arrangement of merchandise in a store.

Accepted Answer

A) True 
 B)False

Question 20

What impact has the Americans with Disabilities Act had on small businesses in terms of building location and layout?

Accepted Answer

The Americans with Disabilities Act (ADA

Exam 18: Location,layout,and Physical Facilities

Foreign trade zones were created in:

When doing a traffic count,the total number of shoppers passing by is the critical factor in evaluating the site.

Most retailers consider what customers want to experience when designing their spaces.

The ________ serves a large trading area (10 to 15 miles or more),contains from 50 to 100 stores,and has several major department stores as its anchors.

When manufacturing large,bulky products,it is sometimes necessary to bring the materials to a specific spot and do the assembly in one place.This type of layout is know as a:

The index of retail saturation is:

The boutique layout is commonly used in:

A foreign trade zone is a specially designed area that allows resident companies to import from foreign countries what they need to do their business and ship finished products out with minimal tariffs,etc.

For retailers,lighting:

A telemarketing customer service unit for the credit card business of an interstate bank would be most concerned about ________ in the choice of state.

Outline the nine areas from which the retailer and service business owner have to choose in locating their stores.What are the advantages and disadvantages of each?

Layout of any retail facility requires the owner's observation and understanding of customers' buying habits.

The type of business that does well when located near competitors is:

An interstate trucking firm would be most concerned with which selection criterion at the state level?

Locating near ________ might be a key factor for success in businesses that sell goods that customers compare on the basis of price,quality,color,and other factors.

A small brick manufacturer would be concerned most with which location criterion?

What factors should the small business owner consider when selecting the city location for his/her small business? What is the index of retail saturation and how does it help a retailer in making this decision?

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

Retail layout is the arrangement of merchandise in a store.

What impact has the Americans with Disabilities Act had on small businesses in terms of building location and layout?

Entrepreneurs: the Driving Force Behind Small Business

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

New Business Planning Process: Feasibility Analysis,business Modeling,

Building a Bootstrap Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Creating a Solid Financial Plan

Managing Cash Flow

Sources of Equity Financing

Sources of Debt Financing

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

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