BUSINESS LOCATION

What is the main important factor for a retail business? 

• Labour Costs 
• Cost of raw materials 
• Footfall 
• Rent

In a deprived area, what would attract a business? 

• Government Grants 
• Availability of labour 
• Advice and Support 
• Cost of stock 

What is the a fixed cost 

• Wages 
• Rent 
• Stock 
• Rates 

The most important factor to consider when deciding on locations is the amount of land to be used

• true 
• false 

1.  Developing countries are attractive locations to place business because

• a.  They industrialize faster than developed countries \
• a.   Labor and resources are affordable 
• a.  There is a high population 
• a.  All of the above 

1.  As long as you have a good business plan and an innovative product you can place your business anywhere it will make profit.

• true 
• false 

1.  Business locations is define as the positions in which business are placed.

• true 
• false 

The _____________ is the environment of a given community that is relevant to the operation of a business.

• Business attitude
• Business atmosphere
• Business climate
• Business conditions

The _____________ is an exterior shopping area that has developed without very much planning.

• Basic Business District
• Fundamental Business District
• Essential Business District
• Central Business District

A rental agreement between a landlord and a renter for a property.

• Contract
• Lease
• Covenant
• Liability