Locate and setup your business

Before deciding on a retail location, is is important to consider if the town will accept a new retail business.

• True
• False

Which of the following is likely to be the main factor influencing the location of a small barber shop? Proximity to:

• Customers

• Labor

• Raw materials

• Competitors

Online businesses locate in less expensive and more remote locations because:

• They need to be close to the competition

• They do not need to be close to the market

• They need to be close to raw materials

• Costs do not matter in online business

What would not affect a businesses decision on location?

• Proximity to labour

• Proximity to customers

• Internet access

• Proximity to the government

A Mall houses

• only one store

• one brand store

• multiple stores of different brands

• one store with multiple brands

Which is not a characteristic of a Stand Alone Store

• can be located just outside of shopping centers

• depend on drive- by traffic

• plenty of parking, good signs and effective lighting

• typically anchored by three or more large department stores

Which of the following is not a characteristic of regional shopping centers?

• shopping area housing more than 100 stores

• majority of the stores sell apparel

• anchored by one or more large department store

• shopping area usually having 40 to 100 stores

Which of the following is not a benefit of neighborhood shopping centers?

• usually sell goods and services that people need frequently

• customers generally only come from the immediate area

• rent is usually low

• supporting stores include drugstores, dollar stores and dry cleaners

This location is generally one of the cheapest rental facilities.

• downtown stores

• neighborhood shopping center

• stand alone stores

• Warehouses

Which of the following is not true about Industrial Businesses?

• customers rarely see their facilities

• operate in an upscale location

• availability of good employees

• low operational cost