Question 1

While Rebekah was shopping at Target, she noticed a Starbucks near the entrance, which prompted her to stop for coffee. This is an example of a

Accepted Answer

A)  kiosk. 
B)  power center. 
C)  store-within-a-store. 
D)  timed leased agreement. 
E)  pop-up shop. 
A)  kiosk. 
B)  power center. 
C)  store-within-a-store. 
D)  timed leased agreement. 
E)  pop-up shop.

Question 2

Where would you most likely find a lifestyle center?

Accepted Answer

A)  At interstate interchanges 
B)  In higher-income neighborhoods 
C)  In low-income neighborhoods 
D)  In small towns 
E)  Near discount store malls 
A)  At interstate interchanges 
B)  In higher-income neighborhoods 
C)  In low-income neighborhoods 
D)  In small towns 
E)  Near discount store malls

Question 3

Full-line discount stores are typically located in

Accepted Answer

A)  omnicenters. 
B)  power centers. 
C)  community shopping centers. 
D)  marketing complexes. 
E)  lifestyle centers. 
A)  omnicenters. 
B)  power centers. 
C)  community shopping centers. 
D)  marketing complexes. 
E)  lifestyle centers.

Question 4

Which of the following is a disadvantage of main street locations?

Accepted Answer

A)  High occupancy cost 
B)  Heavy pedestrian traffic 
C)  Heavy vehicular traffic 
D)  Wide range of entertainment and recreational activities to choose from 
E)  Small overall draw 
A)  High occupancy cost 
B)  Heavy pedestrian traffic 
C)  Heavy vehicular traffic 
D)  Wide range of entertainment and recreational activities to choose from 
E)  Small overall draw

Question 5

Outlet centers are shopping centers that contain mostly manufacturers' and retailers' outlet stores.

Accepted Answer

A) True 
 B)False

Question 6

The retail tenants in Underground Atlanta are similar to those found in specialty centers, except that they are all small. Their goal is to create a unique shopping environment for customers. What type of shopping center is Underground Atlanta?

Accepted Answer

A)  Power shopping center 
B)  Regional mall 
C)  Strip center 
D)  Theme/festival center 
E)  Central-business district 
A)  Power shopping center 
B)  Regional mall 
C)  Strip center 
D)  Theme/festival center 
E)  Central-business district

Question 7

Which of the following is one of the five categories of activities that are accepted by zoning ordinances in urban areas?

Accepted Answer

A)  Social 
B)  Cultural 
C)  Psychological 
D)  Industrial 
E)  Geographical 
A)  Social 
B)  Cultural 
C)  Psychological 
D)  Industrial 
E)  Geographical

Question 8

Describe three advantages that shopping malls have over alternative locations.

Accepted Answer

The three advantages that shopping malls

Question 9

Rhonda rolled her eyes when she realized how much she had to pay for a pack of gum at the paper stand on her way to reach her departing flight from JFK. With security lines as long as they were, she knew she needed to hurry and pay the $2.75 for her pack of gum. Her purchase situation can best be described as

Accepted Answer

A)  distributive shopping. 
B)  time-crunch shopping. 
C)  comparison shopping. 
D)  convenience shopping. 
E)  specialty shopping. 
A)  distributive shopping. 
B)  time-crunch shopping. 
C)  comparison shopping. 
D)  convenience shopping. 
E)  specialty shopping.

Question 10

Many companies are capitalizing on people being at the airports longer and not being able to carry many personal health and beauty aids. A vending machine selling cosmetics and perfume at an airport is a

Accepted Answer

A)  kiosk. 
B)  parasite store. 
C)  store-within-a-store. 
D)  timed leased agreement store. 
E)  pop-up shop. 
A)  kiosk. 
B)  parasite store. 
C)  store-within-a-store. 
D)  timed leased agreement store. 
E)  pop-up shop.

Question 11

Which of the following is not a benefit of a store-within-a-store?

Accepted Answer

A)  The host store can grow in a new direction. 
B)  The store within gets high pedestrian traffic. 
C)  Consumers can purchase more items in a single trip. 
D)  The host store and store within may have different brand images. 
E)  The host store generates increased revenue. 
A)  The host store can grow in a new direction. 
B)  The store within gets high pedestrian traffic. 
C)  Consumers can purchase more items in a single trip. 
D)  The host store and store within may have different brand images. 
E)  The host store generates increased revenue.

Question 12

Which of the following locations is typically the best for a supermarket?

Accepted Answer

A)  Regional and super-regional enclosed malls 
B)  Lifestyle centers 
C)  Neighborhood and community shopping centers 
D)  Outlet centers 
E)  Theme/festival centers 
A)  Regional and super-regional enclosed malls 
B)  Lifestyle centers 
C)  Neighborhood and community shopping centers 
D)  Outlet centers 
E)  Theme/festival centers

Question 13

Mixed-use developments (MXDs) are popular with retailers because they

Accepted Answer

A)  have higher security. 
B)  bring additional shoppers to their stores. 
C)  offer low rent. 
D)  offer short-term leasing agreements. 
E)  provide free storage facilities to attract retailers. 
A)  have higher security. 
B)  bring additional shoppers to their stores. 
C)  offer low rent. 
D)  offer short-term leasing agreements. 
E)  provide free storage facilities to attract retailers.

Question 14

Why would a small retailer not be interested in selling at kiosks situated in airports?

Accepted Answer

A)  The location is often convenient for workers. 
B)  Relatively inexpensive compared to a regular sized store 
C)  The high foot traffic can be helpful for testing the response to new products. 
D)  The retailer can offer seasonal merchandise that closes after the season. 
E)  The rent per square foot is very expensive. 
A)  The location is often convenient for workers. 
B)  Relatively inexpensive compared to a regular sized store 
C)  The high foot traffic can be helpful for testing the response to new products. 
D)  The retailer can offer seasonal merchandise that closes after the season. 
E)  The rent per square foot is very expensive.

Question 15

Retail developers need to take into consideration legal aspects when they are evaluating different locations. Describe the main legal considerations.

Accepted Answer

The legal considerations for retail deve

Question 16

What is a store-within-a-store?

Accepted Answer

Store-within-a-store locations involve a

Question 17

Why have many central business districts (CBD) been declining in the United States and what are developers doing to revive CBDs?

Accepted Answer

Central business districts have been dec

Question 18

________ is the increased expansion of residential and shopping center development in suburban and rural areas outside of their respective urban centers.

Accepted Answer

A)  Rural sprawl 
B)  Affluenza 
C)  Urban sprawl 
D)  Rural flight 
E)  Microdistrict 
A)  Rural sprawl 
B)  Affluenza 
C)  Urban sprawl 
D)  Rural flight 
E)  Microdistrict

Question 19

Gross leasable area (GLA) is the real estate industry's term for the total floor area designed for the retailer's occupancy and exclusive use, including any basements, mezzanines, or upper floors.

Accepted Answer

A) True 
 B)False

Question 20

James is a store manager at Fresco. His store is located in the traditional downtown financial business area in the city. In which of the following classifications of retail locations is James' store located?

Accepted Answer

A)  Semi-urban area 
B)  Gentrified residential area 
C)  Inner city 
D)  Main street 
E)  Central business district 
A)  Semi-urban area 
B)  Gentrified residential area 
C)  Inner city 
D)  Main street 
E)  Central business district

While Rebekah was shopping at Target, she noticed a Starbucks near the entrance, which prompted her to stop for coffee. This is an example of a

Where would you most likely find a lifestyle center?

Full-line discount stores are typically located in

Which of the following is a disadvantage of main street locations?

Outlet centers are shopping centers that contain mostly manufacturers' and retailers' outlet stores.

The retail tenants in Underground Atlanta are similar to those found in specialty centers, except that they are all small. Their goal is to create a unique shopping environment for customers. What type of shopping center is Underground Atlanta?

Which of the following is one of the five categories of activities that are accepted by zoning ordinances in urban areas?

Describe three advantages that shopping malls have over alternative locations.

Many companies are capitalizing on people being at the airports longer and not being able to carry many personal health and beauty aids. A vending machine selling cosmetics and perfume at an airport is a

Which of the following is not a benefit of a store-within-a-store?

Which of the following locations is typically the best for a supermarket?

Mixed-use developments (MXDs) are popular with retailers because they

Why would a small retailer not be interested in selling at kiosks situated in airports?

Retail developers need to take into consideration legal aspects when they are evaluating different locations. Describe the main legal considerations.

What is a store-within-a-store?

Why have many central business districts (CBD) been declining in the United States and what are developers doing to revive CBDs?

________ is the increased expansion of residential and shopping center development in suburban and rural areas outside of their respective urban centers.

Gross leasable area (GLA) is the real estate industry's term for the total floor area designed for the retailer's occupancy and exclusive use, including any basements, mezzanines, or upper floors.

James is a store manager at Fresco. His store is located in the traditional downtown financial business area in the city. In which of the following classifications of retail locations is James' store located?

Introduction to the World of Retailing

Types of Retailers

Multichannel and Omnichannel Retailing

Customer Buying Behavior

Retail Market Strategy

Financial Strategy

Retail Site Location

Information Systems and Supply Chain Management

Customer Relationship Management

Managing the Merchandise Planning Process

Buying Merchandise

Retail Pricing

Retail Communication Mix

Human Resources and Managing the Store

Store Layout, Design, and Visual Merchandising

Customer Service

Filters

Exam 7: Retail Locations

While Rebekah was shopping at Target, she noticed a Starbucks near the entrance, which prompted her to stop for coffee. This is an example of a

Where would you most likely find a lifestyle center?

Full-line discount stores are typically located in

Which of the following is a disadvantage of main street locations?

Outlet centers are shopping centers that contain mostly manufacturers' and retailers' outlet stores.

The retail tenants in Underground Atlanta are similar to those found in specialty centers, except that they are all small. Their goal is to create a unique shopping environment for customers. What type of shopping center is Underground Atlanta?

Which of the following is one of the five categories of activities that are accepted by zoning ordinances in urban areas?

Describe three advantages that shopping malls have over alternative locations.

Many companies are capitalizing on people being at the airports longer and not being able to carry many personal health and beauty aids. A vending machine selling cosmetics and perfume at an airport is a

Which of the following is not a benefit of a store-within-a-store?

Which of the following locations is typically the best for a supermarket?

Mixed-use developments (MXDs) are popular with retailers because they

Why would a small retailer not be interested in selling at kiosks situated in airports?

Retail developers need to take into consideration legal aspects when they are evaluating different locations. Describe the main legal considerations.

What is a store-within-a-store?

Why have many central business districts (CBD) been declining in the United States and what are developers doing to revive CBDs?

________ is the increased expansion of residential and shopping center development in suburban and rural areas outside of their respective urban centers.

Gross leasable area (GLA) is the real estate industry's term for the total floor area designed for the retailer's occupancy and exclusive use, including any basements, mezzanines, or upper floors.

James is a store manager at Fresco. His store is located in the traditional downtown financial business area in the city. In which of the following classifications of retail locations is James' store located?

Introduction to the World of Retailing

Types of Retailers

Multichannel and Omnichannel Retailing

Customer Buying Behavior

Retail Market Strategy

Financial Strategy

Retail Site Location

Information Systems and Supply Chain Management

Customer Relationship Management

Managing the Merchandise Planning Process

Buying Merchandise

Retail Pricing

Retail Communication Mix

Human Resources and Managing the Store

Store Layout, Design, and Visual Merchandising

Customer Service

Filters