Trading Locations and Regulations Quiz

Which factor is crucial when choosing a location for a new business?

• Cost of materials

• Location

• Employee preferences

• Marketing strategies

Which of the following is NOT an example of a business activity that requires a specific location?

• Manufacturing

• Digital products

• Retail

• Social media marketing

What is the benefit of choosing a location that supports the business?

• It reduces employee turnover

• It enables compliance with legal requirements and regulations

• It increases advertising reach

• It lowers production costs

Which sectors do organisations categorised as 'trading' usually operate within?

• Public and private sectors

• Private and third sectors

• Public and third sectors

• Government and private sectors

Who mostly oversees and controls trading organisations?

• Private sector organisations

• Non-government organisations

• Public sector organisations

• International organisations

What are public sector organisations responsible for applying to trading locations?

• International treaties

• Local and national laws and regulations

• Corporate policies

• Environmental guidelines

What role might non-government organisations play in the trading environment?

• Primary regulators

• Secondary or intermediate administrators

• Main enforcers

• Sole decision-makers

What characteristic defines services in trading organizations?

• They are tangible and can be seen or touched.

• They are intangible and involve processes or feelings.

• They are always physical products.

• They are only related to financial transactions.

Which of the following is NOT an example of a service?

• Home insurance

• Policy documents

• Food

• Feeling of security

Which type of trading organisation is likely to locate in local or small town shopping centres?

• Retail chains

• Charity shops

• Service providers

• Manufacturing plants