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

Quiz
•
Business
•
12th Grade
•
Hard
Sami Mohammad
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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