Question 1

Balanced tenancy seeks to develop and maintain an undersaturated trading area for all types of merchandise.

Accepted Answer

A) True 
 B)False

Question 2

Which business district is located in the part of a city or town with the greatest concentration of office buildings and retail stores?

Accepted Answer

A)  string 
B)  central business district 
C)  neighborhood business district 
D)  secondary business district 
A)  string 
B)  central business district 
C)  neighborhood business district 
D)  secondary business district

Question 3

In retail balance,________.

Accepted Answer

A)  there is a shortage of a given type of retail facility 
B)  the level of customer interchange among complementary stores is high 
C)  parking facilities are appropriate to demand 
D)  store facilities for each merchandise or service classification are equal to the location's market potential 
A)  there is a shortage of a given type of retail facility 
B)  the level of customer interchange among complementary stores is high 
C)  parking facilities are appropriate to demand 
D)  store facilities for each merchandise or service classification are equal to the location's market potential

Question 4

A major advantage of a planned shopping center to a retailer is ________.

Accepted Answer

A)  nearness to commercial and social facilities 
B)  the ability to cater to convenience needs of a local population 
C)  interest in one-stop, family shopping 
D)  the domination by large anchor stores 
A)  nearness to commercial and social facilities 
B)  the ability to cater to convenience needs of a local population 
C)  interest in one-stop, family shopping 
D)  the domination by large anchor stores

Question 5

In a string location,a retailer has affinities with ________.

Accepted Answer

A)  compatible retailers 
B)  retailers selling the same product lines 
C)  a parasite store 
D)  a planned shopping center 
A)  compatible retailers 
B)  retailers selling the same product lines 
C)  a parasite store 
D)  a planned shopping center

Question 6

Prepare a list of five knockout factors that would disqualify an otherwise satisfactory retail location.Describe why each factor is important.

Accepted Answer

1. Limited Accessibility: A retail locat

Question 7

Pedestrian and vehicular traffic counts are typically measured through observation.

Accepted Answer

A) True 
 B)False

Question 8

A percentage lease is the simplest form of lease to negotiate and implement.

Accepted Answer

A) True 
 B)False

Question 9

An isolated store location is most suitable to a retailer that ________.

Accepted Answer

A)  is a parasite 
B)  is a category killer 
C)  requires affinities 
D)  uses a multiple segmentation strategy 
A)  is a parasite 
B)  is a category killer 
C)  requires affinities 
D)  uses a multiple segmentation strategy

Question 10

A major disadvantage to an isolated store location is that ________.

Accepted Answer

A)  competition with adjacent retailers is high 
B)  on an ongoing basis, many people will not travel very far to shop in just one store 
C)  rental costs are generally relatively high 
D)  leases can restrict store operations and merchandise carried 
A)  competition with adjacent retailers is high 
B)  on an ongoing basis, many people will not travel very far to shop in just one store 
C)  rental costs are generally relatively high 
D)  leases can restrict store operations and merchandise carried

Question 11

The compatibility of a retailer with its adjacent retailers is its level of retail balance.

Accepted Answer

A) True 
 B)False

Question 12

Which planned shopping center is most similar to the central business district?

Accepted Answer

A)  community shopping center 
B)  neighborhood shopping center 
C)  regional shopping center 
D)  string 
A)  community shopping center 
B)  neighborhood shopping center 
C)  regional shopping center 
D)  string

Question 13

Differentiate between a central business district and a regional shopping center.

Accepted Answer

A central business district (CBD) and a

Question 14

Which location and site evaluation aspects can best be monitored by observation?

Accepted Answer

A)  transportation quality as judged by consumers 
B)  pedestrian and vehicular traffic 
C)  parking adequacy perceptions 
D)  retail balance 
A)  transportation quality as judged by consumers 
B)  pedestrian and vehicular traffic 
C)  parking adequacy perceptions 
D)  retail balance

Question 15

A major advantage of leasing over ownership is the ________.

Accepted Answer

A)  ability to plan on using a location over the long term 
B)  freedom from restrictive leasing clauses 
C)  ability to depreciate a property's building 
D)  freedom from tying up capital in real-estate 
A)  ability to plan on using a location over the long term 
B)  freedom from restrictive leasing clauses 
C)  ability to depreciate a property's building 
D)  freedom from tying up capital in real-estate

Question 16

A shopping area in a city or town that is the hub of retailing in a city and is synonymous with the term "downtown" is the ________ business district.

Accepted Answer

A)  unplanned 
B)  neighborhood 
C)  central 
D)  secondary 
A)  unplanned 
B)  neighborhood 
C)  central 
D)  secondary

Question 17

The primary,secondary,and fringe trading areas of a megamall should be lower than for a traditional regional shopping center.

Accepted Answer

A) True 
 B)False

Question 18

A knockout factor for a specific location is a short duration lease.

Accepted Answer

A) True 
 B)False

Question 19

A central business district is characterized by a concentration of ________.

Accepted Answer

A)  convenience stores 
B)  suburban housing 
C)  parking facilities 
D)  cultural and entertainment facilities 
A)  convenience stores 
B)  suburban housing 
C)  parking facilities 
D)  cultural and entertainment facilities

Question 20

Factory outlets and off-price chains have increasingly located in "off-price malls." These malls are commonly owned and planned as a unit.Is an off-price mall a regional or a community shopping center? Explain your answer.

Accepted Answer

An off-price mall would be considered a

Balanced tenancy seeks to develop and maintain an undersaturated trading area for all types of merchandise.

Which business district is located in the part of a city or town with the greatest concentration of office buildings and retail stores?

In retail balance,________.

A major advantage of a planned shopping center to a retailer is ________.

In a string location,a retailer has affinities with ________.

Prepare a list of five knockout factors that would disqualify an otherwise satisfactory retail location.Describe why each factor is important.

Pedestrian and vehicular traffic counts are typically measured through observation.

A percentage lease is the simplest form of lease to negotiate and implement.

An isolated store location is most suitable to a retailer that ________.

A major disadvantage to an isolated store location is that ________.

The compatibility of a retailer with its adjacent retailers is its level of retail balance.

Which planned shopping center is most similar to the central business district?

Differentiate between a central business district and a regional shopping center.

Which location and site evaluation aspects can best be monitored by observation?

A major advantage of leasing over ownership is the ________.

A shopping area in a city or town that is the hub of retailing in a city and is synonymous with the term "downtown" is the ________ business district.

The primary,secondary,and fringe trading areas of a megamall should be lower than for a traditional regional shopping center.

A knockout factor for a specific location is a short duration lease.

A central business district is characterized by a concentration of ________.

Factory outlets and off-price chains have increasingly located in "off-price malls." These malls are commonly owned and planned as a unit.Is an off-price mall a regional or a community shopping center? Explain your answer.

An Introduction to Retailing

Building and Sustaining Relationships in Retailing

Strategic Planning in Retailing

Retail Institutions by Ownership

Retail Institutions by Store-Based Strategy Mix

Web, nonstore-Based, and Other Forms of Nontraditional Retailing

Identifying and Understanding Consumers

Information Gathering and Processing in Retailing

Trading-Area Analysis

Retail Organization and Human Resource Management

Operations Management: Financial Dimensions

Operations Management: Operational Dimensions

Developing Merchandise Plans

Implementing Merchandise Plans

Financial Merchandise Management

Pricing in Retailing

Establishing and Maintaining a Retail Image

Promotional Strategy

Integrating and Controlling the Retail Strategy

Filters

Exam 10: Site Selection

Balanced tenancy seeks to develop and maintain an undersaturated trading area for all types of merchandise.

Which business district is located in the part of a city or town with the greatest concentration of office buildings and retail stores?

In retail balance,________.

A major advantage of a planned shopping center to a retailer is ________.

In a string location,a retailer has affinities with ________.

Prepare a list of five knockout factors that would disqualify an otherwise satisfactory retail location.Describe why each factor is important.

Pedestrian and vehicular traffic counts are typically measured through observation.

A percentage lease is the simplest form of lease to negotiate and implement.

An isolated store location is most suitable to a retailer that ________.

A major disadvantage to an isolated store location is that ________.

The compatibility of a retailer with its adjacent retailers is its level of retail balance.

Which planned shopping center is most similar to the central business district?

Differentiate between a central business district and a regional shopping center.

Which location and site evaluation aspects can best be monitored by observation?

A major advantage of leasing over ownership is the ________.

A shopping area in a city or town that is the hub of retailing in a city and is synonymous with the term "downtown" is the ________ business district.

The primary,secondary,and fringe trading areas of a megamall should be lower than for a traditional regional shopping center.

A knockout factor for a specific location is a short duration lease.

A central business district is characterized by a concentration of ________.

Factory outlets and off-price chains have increasingly located in "off-price malls." These malls are commonly owned and planned as a unit.Is an off-price mall a regional or a community shopping center? Explain your answer.

An Introduction to Retailing

Building and Sustaining Relationships in Retailing

Strategic Planning in Retailing

Retail Institutions by Ownership

Retail Institutions by Store-Based Strategy Mix

Web, nonstore-Based, and Other Forms of Nontraditional Retailing

Identifying and Understanding Consumers

Information Gathering and Processing in Retailing

Trading-Area Analysis

Retail Organization and Human Resource Management

Operations Management: Financial Dimensions

Operations Management: Operational Dimensions

Developing Merchandise Plans

Implementing Merchandise Plans

Financial Merchandise Management

Pricing in Retailing

Establishing and Maintaining a Retail Image

Promotional Strategy

Integrating and Controlling the Retail Strategy

Filters