Location and E-commerce

How does e-commerce change the traditional view of business locations?

• It limits customer access to local markets.
• It allows businesses to operate from anywhere with internet access.
• It increases the need for multiple physical locations.
• It requires businesses to have physical stores.

Which factor is crucial when choosing a business location to ensure success?

• The availability of parking and accessibility
• The color of the building
• The number of employees
• The type of business logo

What is the primary factor that influences the choice of business location?

• The color of the building
• The type of business logo
• The proximity to the target market
• The number of employees

Which of the following factors can affect the cost of a business location?

• The type of products sold
• The area where the property is located
• The number of employees
• The color of the business sign

What is a key benefit of having a business in a competitive market?

• It reduces the need for marketing.
• It eliminates the need for customer service.
• It allows for more variety and choice for customers.
• It guarantees higher sales.

Which of the following best describes e-commerce?

• A method of advertising products in newspapers
• Trading goods through barter systems
• The buying and selling of goods and services over the internet
• Buying and selling goods in physical stores

What is a primary benefit of e-commerce for businesses compared to traditional physical locations?

• Limited customer reach
• Higher overhead costs
• Global reach and accessibility
• Dependence on foot traffic

What is a disadvantage of a physical business location compared to e-commerce?

• Lower competition
• Flexibility in operations
• Wider customer reach
• Higher overhead costs

Which of the following statements about e-commerce is accurate?

• E-commerce eliminates the need for marketing.
• E-commerce can operate from anywhere with internet access.
• E-commerce requires a physical storefront.
• E-commerce is limited to local customers.

What is a common expectation of consumers in the age of e-commerce?

• To rely solely on in-store shopping
• To shop only during business hours
• To have limited product choices
• To shop whenever and wherever they want