Business Location Decision Objectives

Business Location Decision Objectives

6th Grade

24 Qs

quiz-placeholder

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Business Location Decision Objectives

Business Location Decision Objectives

Assessment

Quiz

Business

6th Grade

Practice Problem

Hard

Created by

Wenxin Cheong

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the factors relevant to the location decision of manufacturing businesses and service businesses?

Cost of labor and materials

Proximity to customers

Availability of skilled workforce

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors should a business consider when deciding which country to locate operations in?

Economic stability and market size

Cultural differences and language

Climate and geographical location

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of legal controls on location decisions?

Legal controls determine the environmental regulations that must be followed.

Legal controls have no impact on location decisions.

Legal controls only affect the financial aspects of location decisions.

Legal controls are irrelevant to location decisions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you recommend and justify an appropriate location for a business in given circumstances?

By analyzing market trends and customer demographics

By choosing a location with the lowest rent

By selecting a location close to competitors

By picking a location with the best view

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of industry is involved in producing goods?

Manufacturing business

Service Sector

Retailing business

Relocation of business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector provides intangible products like services?

Manufacturing business

Service Sector

Retailing business

Relocation of business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business involves selling goods directly to consumers?

Manufacturing business

Service Sector

Retailing business

Relocation of business

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