Data Collection Methods for Entrepreneurs
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Questions and Answers

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?

  • 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?

  • 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?

    <p>The availability of skilled workers.</p> Signup and view all the answers

    Which of the following is NOT considered part of adequate infrastructure for businesses?

    <p>Environmental regulations.</p> Signup and view all the answers

    How can stringent environmental regulations affect a business's location choice?

    <p>They can deter businesses from choosing certain locations.</p> Signup and view all the answers

    Which factor can motivate businesses to choose a particular location?

    <p>Government tax incentives.</p> Signup and view all the answers

    What is collateral?

    <p>An asset used as security for a loan.</p> Signup and view all the answers

    Why is the availability of collateral important for businesses seeking capital?

    <p>It provides access to financing and loans.</p> Signup and view all the answers

    Which of the following is NOT a factor that businesses consider when choosing a location?

    <p>Personal preferences of the business owner.</p> Signup and view all the answers

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