A: 

You are stuck with the two taxonomies appearing together in the input form, they come as a package. Taxonomy should be used as a classification system (like animal kingdom classifications) so the terms to belong together in physical space.

But for the other half of your question, keep in mind your users will see the 'Business type' and 'Location' labels in the input form, not the generic 'Taxonomy' label that you see when managing fields.

Kirk Hings
A: 

maybe you could do better with cck. by enabling text (comes with cck) you can add text fields. and you can easily use them separately, use them with views, templates, etc.

barraponto
A: 

You'll have to separate your problem in 2 parts:

  • The form filling part, which will have all vocabularies together to the editor.
  • The content display part, which you'll be able to separate vocabularies.

I'll cover here more the second part, about displaying.

Use the CCK computed field module and create one field for each vocabulary you want to display. Position this field where you want them.

Configure each field as follows:

  1. On the Computed Code, put something like this:
    # Get vocabulary ID from its management URL (/admin/content/taxonomy/edit/vocabulary/[VOCABULARY_ID]) and set here:

$node_field[0]['value'] = "5";

# Also, configure this field as 'Raw Text' on Display Fields
  1. On Display Format, use this:
    $vocabulary_id=$node_field_item['value'];

$terms=taxonomy_node_get_terms_by_vocabulary($element['#node'], $vocabulary_id);

foreach ($terms as $tid => $details) {
      # The taxonomy_get_textual_term_hierarchy_by_id() is implemented on the SolutionHub's theme template.php file
      $textualTerms .= taxonomy_get_textual_term_hierarchy_by_id($tid);
}

if (isset($textualTerms)) {
      $display='';
      $display.=$textualTerms;
      $display.='';
}

The taxonomy_get_textual_term_hierarchy_by_id() function is specific to my site and is defined in DRUPAL_ROOT/sites/default/themes/mytheme/template.php and simply rewrites the taxonomy term text in a fancy way to show its entire lineage. So instead of "apple" I'll get something like "food > desert > fruit > apple". I won't paste it here cause it is out of scope.

If your problem is to reposition the vocabulary in the edit form, I would suggest the Content Taxonomy module.

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