Ent Ch 8 Review

Establishing a reorder point for each product you sell can help you make sure you do not run out of stock unexpectedly.

• True

• False

Home-based businesses cannot deduct their offices as a business expense even if the office is limited to business use. Mark only one oval.

• True

• False

Neighborhood shopping centers are small shopping centers that serve a certain neighborhood. Mark only one oval.

• True

• False

The most important factors in the layout for a retail business are attracting customers and making their experience a pleasant one. Mark only one oval.

• True

• False

Enterprise zones are areas that suffer from lack of employment opportunities and may offer tax benefits to businesses. Mark only one oval.

• True

• False

In a manufacturing business, safety is an important factor in positioning equipment and machinery.

• True

• False

Even if customers do not visit a service business, the location is as important as it is for a retail business.

• True

• False

What are the goods and materials to be sold called?

• Equipment

• Supplies

• Inventory

To calculate rent per customer, you need to know the projected customer traffic each month.

• True

• False

If customers visit a service business, the layout should be considered as carefully as for a retail business.

• True

• False