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- 1. Multiple Choice
Which of the following types of shopping centers is the smallest?
community shopping center
neighborhood shopping center
super-regional shopping center
regional shopping center
- 2. Multiple Choice
The area from which you expect to attract customers is called the:
target market
trade area
enterprise zone
opportunity zone
- 3. Multiple Choice
Stand-alone stores:
are usually more expensive to rent
usually have competing businesses located nearby
often depend on drive-by traffic
rarely need to use advertising
- 4. Multiple Choice
The buying and selling of products or services over the Internet is known as:
e-commerce
digital shopping
B2B commerce
virtual economics
- 5. Multiple Choice
In this type of lease, the landlord pays building insurance and the tenant pays rent, taxes, and any other expenses.
net lease
percentage lease
short-term lease
gross lease
- 6. Multiple Choice
After a business owner leases or purchases a facility, he or she needs to design the layout, or:
floor plan
enterprise zone
trade area
shop floor
- 7. Multiple Choice
An attractive layout is probably most important for which of the following type of business?
an on-site service business
a warehouse
a retail business
a manufacturing business
- 8. Multiple Choice
Most businesses need all of the following types of supplies and equipment EXCEPT:
furniture
office supplies
heavy machinery
fixtures
- 9. Multiple Choice
For this type of business, inventory consists of the parts that will go into producing the business's product as well as finished goods.
retail business
wholesale business
manufacturing business
all of the above
- 10. Multiple Choice
Which of the following is NOT a location option for a retail business?
downtown area
industrial park
community shopping center
warehouse
- 11. Multiple Choice
Which of the following service businesses would consider the same location factors as a retail business?
exterminating company
lawn service
hair salon
on-site computer repair service
- 12. Multiple Choice
Which of the following is NOT a good reason to locate a business in the home?
saves money
more freedom
limited space
convenience
- 13. Multiple Choice
Availability of parking would be an important consideration for the location of a coffee shop.
True
False
- 14. Multiple Choice
Most entrepreneurs start out by purchasing the site where their business will be located.
True
False
- 15. Multiple Choice
In which type of lease does a landlord receive a portion of the tenant's revenue each month in addition to a base rent?
gross lease
net lease
percentage lease
tenant-landlord lease
- 16. Multiple Choice
Which of the following is the LEAST important consideration when organizing the layout of a retail business?
lighting
window displays
aisle space
organization of supplies
- 17. Multiple Choice
Which of the following is the LEAST important consideration for the layout of a wholesale business?
organization
efficiency
safety
appearance
- 18. Multiple Choice
When purchasing supplies, equipment, and inventory, it is always best to purchase from the lowest-cost vendor.
True
False
- 19. Multiple Choice
Which of the following is NOT considered inventory?
dolls for a toy store
component parts of a product
vacuum cleaners owned by a maid service.
all of the above are considered inventory
- 20. Multiple Choice
Which of the following is the LEAST important factor in determining the reorder point for a sale item in your store?
the size of the item
the time it takes to receive merchandise from your supplier
how many units you sell each month
how important it is to you to not run out of stock
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