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Questions and Answers
Which type of businesses tend to opt for online selling?
Which type of businesses tend to opt for online selling?
- Businesses that require a large labor force.
- Businesses that deal with heavy raw materials.
- Businesses that are not dependent on a physical location. (correct)
- Businesses that need to comply with strict environmental regulations.
Why is proximity to customers important for businesses?
Why is proximity to customers important for businesses?
- It allows businesses to save on transportation costs.
- It enables businesses to comply with environmental regulations.
- It helps businesses attract more skilled labor.
- It provides easy access to goods and services for customers. (correct)
Which factor influences the location of businesses that use heavy or bulky raw materials?
Which factor influences the location of businesses that use heavy or bulky raw materials?
- Stringent environmental regulations.
- Availability of suitable labor supply.
- Proximity to customers.
- Proximity to the source of raw materials. (correct)
What is an important consideration for businesses in terms of labor supply?
What is an important consideration for businesses in terms of labor supply?
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Which of the following is NOT considered part of adequate infrastructure for businesses?
Which of the following is NOT considered part of adequate infrastructure for businesses?
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How can stringent environmental regulations affect a business's location choice?
How can stringent environmental regulations affect a business's location choice?
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Which factor can motivate businesses to choose a particular location?
Which factor can motivate businesses to choose a particular location?
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What is collateral?
What is collateral?
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Why is the availability of collateral important for businesses seeking capital?
Why is the availability of collateral important for businesses seeking capital?
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Which of the following is NOT a factor that businesses consider when choosing a location?
Which of the following is NOT a factor that businesses consider when choosing a location?
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