Exam 8: Retail Site Location

In the United States, retailers often focus their analysis on a ________ because consumers tend to shop within this area.

Conducting a competitive analysis is typically the first step in the selection of a site.

With regression analysis used in location analysis, predictor variables are selected. Which of the following predictor variables would be more useful for a retailer who is contemplating opening a day care center than for a retailer of used books?

A contiguous geographic area that accounts for the majority of a store's sales and customers is called a

Which of the following is not a factor affecting the size of the trade area?

The ________ of a site is the ease with which customers can get into and out of the site.

Mention the steps undertaken using the analog approach.

The Village Green, a women's clothing store, took a map of the city and the checks written by its customers during the last quarter. The store's owner then marked the address of each customer on the map with a map pin. By looking at where the pins clustered on the map, she could determine her trade area. She was engaged in

Which of the following are the two basic types of leases?

Demarkus finally received financial backing from his wealthy aunt in order to open a pawn shop. He contacted the landlord of a nearby shopping center since he had his eye on a vacant storefront. To his surprise, his request for a lease was denied. What most likely prevented the landlord from leasing to Demarkus?

Most franchise agreements grant franchisees an exclusive territory to protect them from another franchisee cannibalizing their sales.

What is the advantage of having your adjacent tenant as a complementary retailer?

A city of 50,000 or more inhabitants, or an urbanized area of at least 50,000 inhabitants, with adjacent communities having a high degree of economic and social integration with the core community is called a

Schnuck's Grocery Store is located in St. Louis, Missouri. The owner has taken a map and has drawn three different sized shapes around the store's location. Those people that are located in only the largest shape, which is beyond a 15-minute drive radius of the store. are in what's referred to as the store's

A(n) ________ prohibits the landlord from leasing to retailers that sell competing products.

What are the characteristics of a site that affect store sales and thus are considered in selecting a site?

Why is traffic count particularly important for convenience stores?

Which of the following statements is True about the Spending Potential Index?

The grouped location approach is based on the principle of ________, which states that a cluster of similar and complementary retailing activities will generally have greater drawing power than isolated stores that engage in the same retailing activities.

Connections to major highways, pedestrian traffic flow, and availability of mass transit are examples of