5.4 Location

5.4 Location

12th Grade

10 Qs

quiz-placeholder

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5.4 Location

5.4 Location

Assessment

Quiz

Business

12th Grade

Hard

Created by

Sami Mohammad

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Why might a business prioritize proximity to its market?

To reduce delivery times and costs

To minimize labor costs

  • To access raw materials directly

  • To avoid competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Which factor is MOST important for a business producing perishable goods?

  • High-quality infrastructure

  • Availability of skilled labor

  • Proximity to market

  • Low tax rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. What is a key reason why a TECH company might choose a location near universities?

  • Higher government subsidies

  • Proximity to raw materials

  • Access to innovative ideas and skilled graduates

  • Lower transportation costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Which type of business is MOST likely to consider proximity to competitors?

  • A mining company

  • A fast-food chain

  • A pharmaceutical manufacturer

  • An online retailer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. How does the availability of skilled labor influence location decisions?

  • It ensures the business has the expertise it needs

  • It reduces transportation costs

  • It increases the speed of product delivery

  • It guarantees proximity to competitors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. Why might businesses prefer locations near major transportation hubs?

  • To attract local customers

  • To ensure efficient distribution networks

  • To avoid paying high wages

  • To limit exposure to competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. What is a significant disadvantage of locating near competitors?

  • Poor infrastructure

  • Difficulty accessing raw materials

  • Higher transportation costs

  • Increased competition for customers

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