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

by Ron Kurtus (27 May 2007)

Take this Mini-Quiz to check your understanding of the lesson material.

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

It is only important if you are concerned about environmental issues

It allows you to lower your prices

Customers often go to the most convenient place

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

Locate your business in a nearby or more convenient location

Refuse to shop there

Locate your business as far away from them as possible

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

Not really, but you can try ways to survive

No one is sure, because large businesses don't do that

Yes, by putting all your goods on sale

If you got all three correct, you are on your way to becoming a Champion in Winning Competitions. If you had problems, you had better look over the material again.

Know where the business is

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

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