Types of Business Locations and Capital Needs

What are zones?

• Particular areas in a community designated for a particular use

• To protect the environment

• To protect values of homes and businesses

• Define the type and style of signs

How would you define bootstrapping?

• Operating as frugally as possible and cutting all unnecessary expenses

• Payment terms from suppliers

• Getting by

• Employee training programs

Identify the reasons why local governments have zoning laws.

• Particular areas in a community designated for a particular use

• To protect the environment

• To protect values of homes and businesses

• Define the type and style of signs

Identify four of the five land uses.

• Agricultural

• Commercial

• Industrial

• Permanent

• Public

True or False: The location of a company that is extracting natural resources should be far away from where the extraction is taking place, for safety reasons.

• True

• False

True or False: E-commerce can only be located in certain areas, location is always limited.

• True

• False

True or False: Conducting business from one’s home is a good option for small start-up businesses, which do not require large/extensive equipment.

• True

• False

True or False: When selecting a business site, it is only important to evaluate the interior of the building.

• True

• False

Which site would be the best situation and location for a local bakery:

• A cheap, vacant building outside of town

• A small, pricey store front in the town square

• A recently vacated restaurant in town, for sale at a fair price

• A warehouse style building outside of town

Which of the following is an advantage of leasing a business site?

• Avoid a large cash outlay

• Reduce risk

• Tax deductible

• All of the above