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Entrepreneurship: VB Unit 3 Flashcards | StudBud
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Entrepreneurship: VB Unit 3
Entrepreneurship: VB Unit 3
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Entrepreneurship: Virtual Business Unit 3 (Lessons 7, 8, and 10)
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Disposable income is the amount left over after all necessities are paid for.
False
¯\_(ツ)_/¯
True
2
Merchandising involves:
Display and placement of products
Setting wages
Pricing products
Financing the business
3
Nearby competition is never good for a business.
¯\_(ツ)_/¯
False
True
4
This type of lease bases rent on the sales generated in the space.
NNN lease
Percentage lease
Fixed-rate
Triple Net Lease
5
A store should always place their seasonal merchandise is permanent locations.
True
False
¯\_(ツ)_/¯
6
This is the term used to describe the analysis of customer lifestyles and how they spend money:
Geographics
Demographics
Both A and C
Psychographics
7
Business districts are typically located in what area of a city?
Suburbs
Downtown
Outside the city
Developing areas
8
Researching whether your customer base is mainly liberal or conservative would be an example of
Psychographics
Demographics
Both A and C
Geographics
9
Large retailers will typically choose to locate in a:
Strip mall
Freestanding location
Business district
None of the above
10
This type of stock list is typically used to keep track of fashion merchandise.
Basic stock list
Model stock list
Never-out stock list
None of the above
11
Characteristics of demographics include all of the following EXCEPT:
Gender
Marital status
Psychographics
Ethnic background
12
These are all criteria to use when searching for a good location EXCEPT for:
Climate
Trade area
Competitive environment
Convenience
13
Best-selling merchandise should be kept track of using which of the following:
Model stock list
Never-out stock list
None of the above
Basic stock list
14
Buying a cup of coffee would be an example of:
Convenience merchandise
Impulse purchasing
Seasonal merchandise
Both A and C
15
This location of a store has the greatest customer traffic:
Both A and B
Store entrance
Staple merchandise aisles
Back of the store