Unit 1.4.2

Unit 1.4.2

9th Grade

10 Qs

quiz-placeholder

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Unit 1.4.2

Unit 1.4.2

Assessment

Quiz

Business

9th Grade

Medium

Created by

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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