Exam 7: Retail Locations

________ are shopping centers that consist primarily of collections of big-box retail stores, such as full-line discount stores, off-price stores, warehouse clubs, and category specialists.

A critical factor affecting the location that consumers select to visit is the shopping situation in which they are involved. What type of shopping situation should a retailer such as Walgreen's consider?

Which of the following is a disadvantage of freestanding sites?

As Leah drove down Fairfax Road, she noticed a group of adjacent stores. In the group, she saw a hair salon, a pizzeria, a supermarket, an optometrist, and a grocery store. All the stores had entrances into a parking lot, which was landscaped with trees and flowers. What type of shopping center is this?

Which type of product will a consumer look for without regard to time, money, or effort?

In a town in Georgia, the McDonald's restaurant was required by ________ to have no sign taller than 8 feet, no arches, and no garish or bright colors on the outside of the building.

What type of shopping center has an open-air configuration of specialty stores, entertainment, and restaurants?

Which of the following statements is a reason why U.S. retailers avoid opening stores in the inner city?

Lowe's and Best Buy would most likely be found in a ________ shopping center.

Why do category specialists or "category-killer" retailers choose to locate their stores in freestanding sites or in power centers?

Why is choosing a good location such an important decision for a retailer?

The retailers that attract a significant number of consumers and consequently make the center more appealing for other retailers are ________ stores.

Water Tower Place on Michigan Avenue in Chicago has many high-quality boutiques, amongst office space and residential condominiums. It is an example of a(n)

An old factory was converted into condominiums on the top six floors, a health club on the fourth floor, offices on floors two and three, and specialty shops and restaurants on the ground floor. This would be an example of a(n)

Which of the following statements is True of a central business district?

Jake is looking to rent a retail space in a shopping center for his restaurant business. He is looking for a space of around 250,000 square feet with annual occupancy cost of around $50 per square feet. An ideal space should be high on pedestrian traffic but low on vehicular traffic. Which of the following locations will best suit Jake?

Jake, who runs a business on Mint street, wants to open another retail outlet in the business district. He is unable to because of the ________ laws imposed by the local governments in the United States.

Which of the following types of retailers does not cater to shoppers who are engaged in convenient shopping situations?

What are the advantages and disadvantages of choosing a freestanding site for your retail store?

________ can be defined as shopping centers that employ a unifying theme that is carried out by the individual shops in their architectural design and, to an extent, in their merchandise. They are typically designed to appeal to tourists.