Question 1

The optimum site for a particular store is called _____.

Accepted Answer

A) the retail balance gradient 
B) the planned shopping center 
C) the one-hundred percent location 
D) affinity 
A) the retail balance gradient 
B) the planned shopping center 
C) the one-hundred percent location 
D) affinity C

Question 2

Which type of shopping center has the largest primary trading area?

Accepted Answer

A) power center 
B) regional shopping center 
C) megamall 
D) central business district 
A) power center 
B) regional shopping center 
C) megamall 
D) central business district C

Question 3

When a store grouping increases the trading area for each store,_____.

Accepted Answer

A) one store is a parasite 
B) store affinities exist 
C) trading-area overlap exists 
D) an area is oversaturated 
A) one store is a parasite 
B) store affinities exist 
C) trading-area overlap exists 
D) an area is oversaturated B

Question 4

The largest shopping center (in terms of numbers of stores and size of trading area)is a megamall.

Accepted Answer

A) True 
 B)False

Question 5

Planned shopping centers are characterized by central ownership/management,central planning,and balanced tenancy.

Accepted Answer

A) True 
 B)False

Question 6

A retailer fearful about lease renewal availability and/or renewal terms should consider store ownership.

Accepted Answer

A) True 
 B)False

Question 7

Which location type is generally characterized by no competition,good road visibility,and easy parking?

Accepted Answer

A) isolated store 
B) business district 
C) strip 
D) shopping center 
A) isolated store 
B) business district 
C) strip 
D) shopping center

Question 8

The most objectionable characteristic of a potential site for a new laundromat would be _____.

Accepted Answer

A) high renovation and plumbing expenses 
B) a lease term of less than three years 
C) rental terms of 10 percent above market 
D) moderate pedestrian traffic levels 
A) high renovation and plumbing expenses 
B) a lease term of less than three years 
C) rental terms of 10 percent above market 
D) moderate pedestrian traffic levels

Question 9

A property owner wants to base rental terms for a retail location on sales and anticipated property maintenance but wants total rental dollar amounts set for each year.The best lease type is a _____ lease.

Accepted Answer

A) straight 
B) percentage 
C) graduated 
D) net 
A) straight 
B) percentage 
C) graduated 
D) net

Question 10

A major advantage of ownership versus leasing is _____.

Accepted Answer

A) no difficulty in lease renewals 
B) lower capital requirements 
C) the long-term commitment to a given location 
D) the ability to purchase locations in major shopping centers 
A) no difficulty in lease renewals 
B) lower capital requirements 
C) the long-term commitment to a given location 
D) the ability to purchase locations in major shopping centers

Question 11

A secondary business district generally is comprised of a minimum of _____.

Accepted Answer

A) several department stores and a broad group of specialty stores 
B) a grouping of stores with similar merchandise lines 
C) a junior department store,and several larger specialty stores 
D) a supermarket and several service stores 
A) several department stores and a broad group of specialty stores 
B) a grouping of stores with similar merchandise lines 
C) a junior department store,and several larger specialty stores 
D) a supermarket and several service stores

Question 12

Which of the following often is not an example of a knockout factor for a retail location?

Accepted Answer

A) a three-year lease for a clothing retailer 
B) a landlord known for poor tenant relations 
C) the opening of another competing retailer in the same regional shopping center 
D) zoning restrictions restricting land use to residential purposes 
A) a three-year lease for a clothing retailer 
B) a landlord known for poor tenant relations 
C) the opening of another competing retailer in the same regional shopping center 
D) zoning restrictions restricting land use to residential purposes

Question 13

A practice that combines some of the benefits of owning and leasing store locations is the _____.

Accepted Answer

A) net lease 
B) graduated lease 
C) sale-leaseback 
D) maintenance-increase-recoupment lease 
A) net lease 
B) graduated lease 
C) sale-leaseback 
D) maintenance-increase-recoupment lease

Question 14

In comparing the isolated store to the unplanned business district and planned shopping center,the major disadvantage of the isolated store is _____.

Accepted Answer

A) high rents 
B) the absence of flexibility in store operations 
C) the absence of affinities 
D) lack of convenience in planning 
A) high rents 
B) the absence of flexibility in store operations 
C) the absence of affinities 
D) lack of convenience in planning

Question 15

In a graduated lease,rental payments are _____.

Accepted Answer

A) based on sales 
B) known in advance by the retailer and property owner 
C) based on actual increases in property expenses 
D) based on a retailer's profits 
A) based on sales 
B) known in advance by the retailer and property owner 
C) based on actual increases in property expenses 
D) based on a retailer's profits

Question 16

A major disadvantage of planned shopping centers to a retailer is that _____.

Accepted Answer

A) the arrangement of stores follows no format 
B) parking is generally limited 
C) there are few retailers to share costs and to generate traffic 
D) merchandise to be sold can be restricted 
A) the arrangement of stores follows no format 
B) parking is generally limited 
C) there are few retailers to share costs and to generate traffic 
D) merchandise to be sold can be restricted

Question 17

The greatest concentration of office buildings and retail stores occurs in the _____ business district.

Accepted Answer

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

Question 18

Percentage lease arrangements are most common with small,independent retailers.

Accepted Answer

A) True 
 B)False

Question 19

A measure of a store's affinity is its _____.

Accepted Answer

A) pedestrian traffic 
B) vehicular traffic 
C) degree of customer interchange 
D) road visibility 
A) pedestrian traffic 
B) vehicular traffic 
C) degree of customer interchange 
D) road visibility

Question 20

The secondary business district is a shopping area that has emerged to satisfy the convenience-shopping needs of a neighborhood.

Accepted Answer

A) True 
 B)False

The optimum site for a particular store is called _____.

Which type of shopping center has the largest primary trading area?

When a store grouping increases the trading area for each store,_____.

The largest shopping center (in terms of numbers of stores and size of trading area)is a megamall.

Planned shopping centers are characterized by central ownership/management,central planning,and balanced tenancy.

A retailer fearful about lease renewal availability and/or renewal terms should consider store ownership.

Which location type is generally characterized by no competition,good road visibility,and easy parking?

The most objectionable characteristic of a potential site for a new laundromat would be _____.

A property owner wants to base rental terms for a retail location on sales and anticipated property maintenance but wants total rental dollar amounts set for each year.The best lease type is a _____ lease.

A major advantage of ownership versus leasing is _____.

A secondary business district generally is comprised of a minimum of _____.

Which of the following often is not an example of a knockout factor for a retail location?

A practice that combines some of the benefits of owning and leasing store locations is the _____.

In comparing the isolated store to the unplanned business district and planned shopping center,the major disadvantage of the isolated store is _____.

In a graduated lease,rental payments are _____.

A major disadvantage of planned shopping centers to a retailer is that _____.

The greatest concentration of office buildings and retail stores occurs in the _____ business district.

Percentage lease arrangements are most common with small,independent retailers.

A measure of a store's affinity is its _____.

The secondary business district is a shopping area that has emerged to satisfy the convenience-shopping needs of a neighborhood.

An Introduction to Retailing

Building and Sustaining Relationships in Retailing

Strategic Planning in Retailing

Retail Institutions by Ownership

Retail Institutions by Store-Based Strategy

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

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

The optimum site for a particular store is called _____.

Which type of shopping center has the largest primary trading area?

When a store grouping increases the trading area for each store,_____.

The largest shopping center (in terms of numbers of stores and size of trading area)is a megamall.

Planned shopping centers are characterized by central ownership/management,central planning,and balanced tenancy.

A retailer fearful about lease renewal availability and/or renewal terms should consider store ownership.

Which location type is generally characterized by no competition,good road visibility,and easy parking?

The most objectionable characteristic of a potential site for a new laundromat would be _____.

A property owner wants to base rental terms for a retail location on sales and anticipated property maintenance but wants total rental dollar amounts set for each year.The best lease type is a _____ lease.

A major advantage of ownership versus leasing is _____.

A secondary business district generally is comprised of a minimum of _____.

Which of the following often is not an example of a knockout factor for a retail location?

A practice that combines some of the benefits of owning and leasing store locations is the _____.

In comparing the isolated store to the unplanned business district and planned shopping center,the major disadvantage of the isolated store is _____.

In a graduated lease,rental payments are _____.

A major disadvantage of planned shopping centers to a retailer is that _____.

The greatest concentration of office buildings and retail stores occurs in the _____ business district.

Percentage lease arrangements are most common with small,independent retailers.

A measure of a store's affinity is its _____.

The secondary business district is a shopping area that has emerged to satisfy the convenience-shopping needs of a neighborhood.

An Introduction to Retailing

Building and Sustaining Relationships in Retailing

Strategic Planning in Retailing

Retail Institutions by Ownership

Retail Institutions by Store-Based Strategy

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

Financial Merchandise Management

Pricing in Retailing

Establishing and Maintaining a Retail Image

Promotional Strategy

Integrating and Controlling the Retail Strategy

Filters