Unit 1.4.2
Quiz
•
Business
•
9th Grade
•
Medium
Jon Williams
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
When deciding on where to locate a business, some of the key factors entrepreneurs will consider is its proximity to?
Market
People
Technology
Labour
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Proximity to _______ simply means how close a business is located to its customers.
Competitors
Labour
Market
Materials
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where the finished good is larger and/or weighs more than the raw materials used to produce it, this is known as a ____ ________ product.
bulk-gaining
bulk-reducing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business which sell what are known as ‘convenience goods’ are more likely to want to locate themselves ____ ___ their competitors.
Away from
Close to
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The internet has changed the business world for good and provides businesses with some key benefits when it comes to location decisions, these include?
Access to a larger market
The ability to operate 24/7
Higher operating costs
Lower operating costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Proximity to ______ simply means how close a business is located to the people who have the capabilities and skillset to work for them.
Competitors
Labour
Market
Materials
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Proximity to _________ simply means how close a business is located to the resources it requires to produce its products or provide its services.
Competitors
Labour
Market
Materials
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