location quiz review

Adequate parking is another common need for many businesses

• true

• false

Location is almost irrelevant for some businesses: service businesses that do all their work at their customers' locations (such as roofers and plumbers) and businesses that have little contact with the public (such as mail-order companies, Internet-based businesses, and wholesalers).

• True

• False

You should consider whether it would benefit your business to be around similar businesses that are already drawing the type of customers that you want.

• True

• False

If you have the right products or services, your location does not matter.

• True

• False

Most small start-ups have the funds to purchase real estate.

• True

• False

The city planning or zoning board might not allow you to operate if it doesn't have adequate parking.

• True

• False

When searching for a location for your new business, you should not worry about the cost of rent.

• True

• False

Spend some time figuring out the habits of the customers you do and do not want to attract, and then choose a location that fits.

• True

• False

When you're considering a specific space, ask the agent or the landlord for information about communications wiring, such as whether the space is connected to a fiber optic network or is wired for DSL or a T1 line (high-volume Internet connections).

• True

• False

Service businesses/companies can pass on rent savings to their customers and their profit margin, picking a low-cost spot in an out-of-the-way area might be an advantage.

• True

• False