MTEL Business Practice Exam

Category - Business Operations

An entrepreneur is considering several different locations within a large city for the site of a family-style restaurant. In selecting a location, the entrepreneur should give the highest priority to which of the following types of information?
  1. The proximity of each location to schools, libraries, and other public buildings.
  2. The number and characteristics of media outlets in each area.
  3. The proximity of each location to supermarkets and other sources of supplies.
  4. The number and characteristics of similar restaurants in each area.
Explanation
Correct Response: D. When considering several different locations for a family-style restaurant, the highest priority would be the number and characteristics of similar restaurants in each area, since the restaurant will be competing with existing restaurants. The proximity of schools, libraries, and other public buildings (A) is of importance, since those institutions could generate potential customers, but that factor would be of a lower priority, as would the focus of media outlets (B) and the proximity of supermarkets and other sources of supplies (C).
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