Which of the following statements concerning business location is false?An entrepreneur trying to find a location for a sporting goods store has decided to use the index of retail saturation as a guide.
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Q1. __________ items are best suited for selling on the World Wide Web.
a. high-volume
b. low-margin
c. commodity
d. all of the above.
Q2. Which of the following statements concerning global trade is true?
a. Today, the global marketplace is as much the territory of small, upstart companies as it is that of giant multinational corporations.
b. Ninety-six percent of the world’s population and 67 percent of the world’s purchasing power lie outside the borders of the United States.
c. Small companies that export grow more rapidly than those that operate domestically only.
d. All of the above.
Q3. When searching for a location, a company that develops computer software for the entertainment industry would be interested in studying which of the following factors about the labor supply in a particular area?
a. the number of workers available
b. the level of education, training, and experience of the workforce
c. the prevailing wage rate in the area
d. All of the above
Q4. The most popular loan program sponsored by the Small Business Administration (SBA) is:
a. Low Doc Program
b. Export Working Capital Program
c. 7(a) Loan Guaranty Program
d. All of the above
Q5. The ideal domain name for a company’s Web site should be:
a. short.
b. indicative of the company’s business or business name.
c. easy to spell.
d. all of the above.
Q6. Small businesses on the Web are better able to compete if they focus on a niche market.
a. true
b. false
Q7. A(n) __________ is a loan arrangement with a commercial bank in which a small company can borrow up to a predetermined amount at any time during the year quickly and conveniently by writing itself a loan.
a. commercial bank loan
b. line of credit
c. floor plan
d. installment loan
Q8. Which of the following statements about shopping malls is true?
a. The average length of shoppers’ mall visits has climbed steadily over the past decade.
b. To keep shoppers coming back, malls are adding a mix of entertainment attractions and a fresh mix of specialty shops to their retail mix.
c. Nearly half of the malls in the United States are less than five years old.
d. All of the above.
Q9. An entrepreneur trying to find a location for a sporting goods store has decided to use the index of retail saturation as a guide. She knows that Site 1 has a trading area with 42,374 potential customers who spend an average of $87.50 on sporting goods per year. The only competitor in the trading area has 16,000 square feet of selling space. Site 2 has 38,649 potential customers spending an average of $91.25 per year on sporting goods. In this trading area, two competitors occupy 17,100 square feet of space. The index of retail saturation for Site 2 is:
a. 182.86
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