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Business Establishment and Location Selection Quiz
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Business Establishment and Location Selection Quiz

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@NonViolentVibrance

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Questions and Answers

When considering business location, which factor is related to infrastructure and accessibility?

  • Power and water supply, good road connections (correct)
  • Proximity to the market
  • Cost of doing business
  • Competition level

    • What is a consideration under the aspect of government laws and policies when establishing a business?

  • Licenses & permits (correct)
  • Proximity to the market
  • Talent acquisition
  • Government incentives

    • Which factor is related to the cost of doing business when choosing a business location?

  • Talent acquisition
  • Competition level
  • Cost of rent, taxes, business rates, minimum wage requirements, and economic incentives (correct)
  • Government incentives

    • What is an important consideration when evaluating the local community for business establishment?

    <p>Safety</p> Signup and view all the answers

    Which factor is related to sources of business finance when launching a business?

    <p>Financial incentives, business grants, low-interest loans, tax relaxations</p> Signup and view all the answers

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