Business Location and Scale Quiz 2

What is the main benefit of having a large scale business?

• Lower profits

• Higher operating costs

• Increased efficiency

• Decreased customer base

What is the strategic nature of location decisions?

• Impact on a specific department

• Short term impact

• Long term impact

• Impact on daily operations

Why is it difficult to reverse a location decision?

• Low cost of relocation

• High cost of relocation

• Easy decision making process

• Delegated to subordinates

What does location decision affect?

• Employee benefits

• Marketing mix

• Customer satisfaction

• Productive efficiency

What is the impact of a business's location on its size and scale?

• Increased scale

• Decreased scale

• No impact

• No influence on size

What can a larger scale business generate?

• Lower profits

• Decreased customer base

• Higher profits

• Decreased efficiency

What is the main benefit of having a business with a large scale?

• Lower profits

• Decreased customer base

• Higher profits

• Decreased efficiency

What is the potential drawback associated with having a large scale of operations?

• Increased operating costs

• Decreased regulations

• Lower quality products

• No drawbacks

What is the element of the marketing mix concerned with how the products gets to the customer?

• Product

• Price

• Place

• Promotion

What does location refer to?

• Where the shop or wholesaler is

• How the products are made

• When the shop is open

• The cost of operating a business