Mini-Quiz: Using Location for a Competitive Advantage in Business

1. Why is the location of a store so important to succeed in business?

   It is only important if you are concerned about environmental issuesGood try, but not right. Select another answer. It allows you to lower your pricesSorry, not correct. Try another button. Customers often go to the most convenient placeThat is correct. You know your business.

2. How could you beat out a successful local business?

   Locate your business in a nearby or more convenient locationCorrect. You understand about competition. Refuse to shop thereOops! Wrong answer. Re-read the question and try again. Locate your business as far away from them as possibleSorry, not correct. Try another button.

3. Can you beat out a larger business that moves near your location?

   Not really, but you can try ways to surviveThat is correct. You know your business. No one is sure, because large businesses don't do thatGood try, but not right. Select another answer. Yes, by putting all your goods on saleOops! Wrong answer. Re-read the question and try again.

Pick an answer to see instant feedback. Re-read the lesson if you miss one.