Locating a Business Review (Ent.)

Which of the following is an advantage of a home based business?

• cost savings

• expansion can be limited

• difficult to separate family and business

• miss opportunities to network

Select each benefit of an online business (e-commerce).

• lower cost

• 24 hour global market available

• easier to collect customer data

• geographic barriers eliminated

The right location depends on the kind of business you plan to operate and the type of customer you want to reach.

• False

• True

Which of the following are potential drawbacks of a downtown location? (select all that apply)

• often attract professionals in the area

• potential higher crime rates

• lack of free or convenient parking

• lack of customers in evening

This type of location usually has low rent, customers primarily come from the immediate area, and are good for selling products people purchase frequently.

• regional shopping center (mall)

• warehouse

• neighbrhood shopping center

• industrial park

Which of the following is the least likely location option for a small startup business?

• community shopping center

• downtown location

• super regional shopping center (mega-mall)

• home based business

This image is an example of a ___ location.

• warehouse

• downtown

• standalone

• trade area

Select each type of business that likely could benefit from selecting a warehouse location.

• mattress

• appliances

• jewelry

• furniture

Which of the following is an example of an outside service business?

• barber shop

• restaurant

• dentist

• heating / air conditioning

The area from which you expect to attract customers is known as your

• trade area

• customer catalog

• tenant

• enterprise zone