Business Location Quiz

What is an important aspect for businesses to consider when deciding where to set up shop or relocate?

• Access to skilled workers

• Cost of materials

• Availability of parking spaces

• Proximity to customers

Why is it essential for factories to be located near well-maintained roads, railways, ports, and airports?

• To facilitate efficient transportation of goods

• To access new customer markets

• To prevent theft

• To reduce taxes

What is a crucial consideration for retail businesses when choosing a location?

• Availability of parking spaces

• Proximity to suppliers

• Cost savings on materials and labor

• Access to skilled workers

Why do businesses sometimes choose to expand internationally?

• To comply with regulations

• To prevent theft

• To reduce taxes

• To access new customer markets

What is an important factor for businesses to consider when determining their location?

• Proximity to suppliers

• Access to skilled workers

• All of the above

• Cost of rent and taxes

Why do governments provide financial support or incentives to encourage businesses to establish themselves in specific areas?

• To reduce taxes

• To facilitate efficient transportation of goods

• To access new customer markets

• To promote economic development

What is necessary for service-based businesses to thrive?

• Proximity to suppliers

• Availability of parking spaces

• Large pool of skilled workers

• Cost savings on materials and labor

Why is avoiding trade barriers and tariffs a motivation for businesses to relocate internationally?

• To prevent theft

• To comply with regulations

• To access new customer markets

• To reduce taxes

What is an important consideration for businesses when choosing a location for their factory?

• Availability of parking spaces

• Proximity to customers

• Cost savings on materials and labor

• Adequate power and water supply

Why is it important for retail businesses to be situated in areas with high foot traffic?

• To reduce taxes

• To attract customers

• To comply with regulations

• To prevent theft