Answered

1. What business environment factor includes available land area, physical layout, building obstructions, transportation, demography of clients and suppliers, competitors, and available technology?

A. Tangible
B. Intangible
C. Immaterial
D. Impalpable

2. What business environment factor pertains to the number of people living in the area, age, gender, socio-economic status, family size, religion, and even growth?

A. Physical environment
B. Technology
C. Economy
D. Demography

3. Which of the following is an example of people's basic needs?

A. Going to the movie house
B. Gadgets
C. Shelter
D. Fancy bags, clothes, and shoes

4. Which of the following should be considered first by a prospective entrepreneur in choosing the right location for his/her store?

A. Types of merchandise
B. Access of the target customers
C. Attractiveness of the store layout
D. Prevailing prices of goods in the area

5. When an entrepreneur improves and enhances a product to make it more appealing to target consumers, he/she is doing a(n) ______ product.

A. Alteration
B. Invention
C. Innovation
D. Improvisation



Answer :

GinnyAnswer

Final answer:

In business environments, location plays a crucial role due to factors like demographics and access to target customers.


Explanation:

Location is a crucial factor in business environments, including aspects like available land area, transportation, and demographics. Demographics, as part of the demography, influence both customers and suppliers in a business setting. When considering the right location for a store, access of the target customers should be a primary concern.


Learn more about Business location factors here:

https://brainly.com/question/34556389


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