Question

please answer all questions or don't answer (T/F) 20) When doing a traffic count, the total number of shoppers passing by is the critical factor in evaluating the site. _____21) It is critical for all retail and service businesses to be located as far from competitors as possible. _____22) Lighting is an inexpensive investment for improving employee performance and the overall appearance of the business. _____23) Most entrepreneurs can neglect the purchasing function because they buy so little from vendors they don't gain anything by spending time working on improving it. _____24) The purchasing plan is developed independently from other functional areas of a business.

Answer 1

20. True. The potential of a site can be judged by the number of shoppers passing by.

21. False. By locating near the competitors, a business can gain from their marketing efforts, benefit from the customers who already visit the place and know better about the competition.

22.True. A well lit place can not only attract more customers, but also imrove employee productivtiy.

23 False.

24. False. The purchasing plan should be made in consultation with all relevant departments like production, marketing and distribution among others in view of complete business scenario.