Entrepreneurship - Chapter 8

Which of the following types of shopping centers is the smallest?

• community shopping center

• neighborhood shopping center

• super-regional shopping center

• regional shopping center

The area from which you expect to attract customers is called the:

• target market

• trade area

• enterprise zone

• opportunity zone

Stand-alone stores:

• are usually more expensive to rent

• usually have competing businesses located nearby

• often depend on drive-by traffic

• rarely need to use advertising

The buying and selling of products or services over the Internet is known as:

• e-commerce

• digital shopping

• B2B commerce

• virtual economics

In this type of lease, the landlord pays building insurance and the tenant pays rent, taxes, and any other expenses.

• net lease

• percentage lease

• short-term lease

• gross lease

After a business owner leases or purchases a facility, he or she needs to design the layout, or:

• floor plan

• enterprise zone

• trade area

• shop floor

An attractive layout is probably most important for which of the following type of business?

• an on-site service business

• a warehouse

• a retail business

• a manufacturing business

Most businesses need all of the following types of supplies and equipment EXCEPT:

• furniture

• office supplies

• heavy machinery

• fixtures

For this type of business, inventory consists of the parts that will go into producing the business's product as well as finished goods.

• retail business

• wholesale business

• manufacturing business

• all of the above

Which of the following is NOT a location option for a retail business?

• downtown area

• industrial park

• community shopping center

• warehouse