Entrepreneurship Warm-Ups 1/24/24
Quiz by NeKeisha King Price
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10 questions
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- Q1What is the primary factor in community and site selection for entrepreneurs?TransportationDemographicsCultureWeather30s
- Q2Which of the following is an important consideration in community and site selection for entrepreneurs?Access to transportation networksProximity to tourist attractionsPresence of large shopping mallsNumber of local parks30s
- Q3Which factor should entrepreneurs consider when selecting a community for their business?Cost of livingAverage annual rainfallNumber of schoolsLocal sports teams30s
- Q4What is a key consideration when selecting a site for a business?AccessibilityScenic beautyHistorical landmarksLocal cuisine30s
- Q5What role does proximity to suppliers play in community and site selection for entrepreneurs?Enhances cultural diversityProvides access to local government incentivesIncreases customer foot trafficEnsures timely and cost-effective access to necessary resources30s
- Q6What is the significance of market research in community and site selection for entrepreneurs?To identify popular tourist attractionsTo understand the target market and competitionTo determine the local weather conditionsTo estimate the cost of living30s
- Q7What does the term 'business-friendly environment' refer to in community and site selection?The number of local parks and recreational areasA supportive ecosystem that facilitates business growth and developmentThe popularity of local sports teamsThe availability of high-speed internet connection30s
- Q8What does the term 'demographics' refer to in community and site selection for entrepreneurs?Local cuisine and culinary traditionsCharacteristics of a population, such as age, gender, income level, and educationHistorical landmarks and monumentsScenic beauty and natural landscapes30s
- Q9What does the term 'market potential' refer to in community and site selection?The number of competing businesses in the areaThe average age of the local populationThe estimated demand for a product or service in a specific areaAverage household income in the community30s
- Q10What does the term 'infrastructure' refer to in community and site selection?The number of local festivals and eventsThe availability of local cuisineThe average temperature in the areaThe physical and organizational structures that support a community or business30s