10 Questions
Which type of businesses tend to opt for online selling?
Businesses that are not dependent on a physical location.
Why is proximity to customers important for businesses?
It provides easy access to goods and services for customers.
Which factor influences the location of businesses that use heavy or bulky raw materials?
Proximity to the source of raw materials.
What is an important consideration for businesses in terms of labor supply?
The availability of skilled workers.
Which of the following is NOT considered part of adequate infrastructure for businesses?
Environmental regulations.
How can stringent environmental regulations affect a business's location choice?
They can deter businesses from choosing certain locations.
Which factor can motivate businesses to choose a particular location?
Government tax incentives.
What is collateral?
An asset used as security for a loan.
Why is the availability of collateral important for businesses seeking capital?
It provides access to financing and loans.
Which of the following is NOT a factor that businesses consider when choosing a location?
Personal preferences of the business owner.
Learn about the two forms of data collection used by entrepreneurs: primary data collected firsthand by the investigator and secondary data collected by someone else for another purpose but useful for the entrepreneur. Explore the importance of gathering different types of data for business decisions.
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