Exam 8: Retail Site Location

What is the difference between multiple regression analysis and the analog approach?

Although retailers gain economies of scale from opening multiple locations in an area, they also suffer diminishing returns associated with locating too many additional stores in an area. This is called

Which of the following leases are most commonly used by community and neighborhood centers?

Alyssa needed a new stirrup for her saddle. She had to drive 30 miles to the Western Tack store in order to make the purchase. To Alyssa, the Western Tack store is an example of a

Compare and contrast when it is essential for a retailer to have good visibility and accessibility, and in which cases these attributes are less important.

What factors should be considered in locating stores? Why should retailers consider those factors?

Which of the following does not affect the long-term profit generated by stores when evaluating store locations?

Why would Save-A-Lot grocery store choose to be located in the same strip mall as Dollar General and Walmart?

ESRI and other GIS suppliers have developed schemes for classifying geographic areas. The ESRI Tapestry Segmentation scheme classifies neighborhoods into 67 distinctive segments. How would you classify the following person? Thomas is a recent college graduate who accepted a merchant training position with Macy's in New York City. After six months, his strong performance at the company led to a promotion to assistant buyer and a raise. Each evening he either goes to a yoga class or relaxes at home streaming a movie. He enjoys traveling to Colorado on long weekends in the winter to go downhill skiing. Which of the following most accurately describes Thomas?

Which of the following retailers is the least dependent on traffic counts?

What is a census block?

Lee Ann was overwhelmed by the heavy traffic outside of her local discount retailer. Her experience in the store was no better. The aisles were packed, and the lines were long. To Lee Ann, this discounter didn't consider the problem of ________ when choosing the site for the store.

Retailers study traffic flow, street congestion, and parking space availability when considering a new store site to determine the potential site's

In a graduated lease, the rent increases by a fixed amount over a specified period of time.

Which of the following statements is not True when describing the size of trade area?

When stores such as Bath & Body Works, Victoria's Secret, Express, and Abercrombie & Fitch all have store sites near each other in a shopping center, what is this an example of?

When it became apparent that the drawing power to a particular Walmart store was very strong, because every day there would be long lines and empty shelves despite all cashier lanes open and plenty of stockers, Walmart opened another store within 10 miles of that store to try and reduce the amount of business at the over-demand store. This is an example of utilizing ________, but for the good of the retailer.

The Mediterranean Cafe features light cuisine and folk entertainment. It is located in the middle of an upper-class neighborhood. The owners want to know where the customer base lives so that they can send direct mail to those areas. For the last several weeks, employees scoped the parking lot noting license plate numbers so they could have a private research company trace them to the owners. Which of the following is the Mediterranean Café engaging in?

Identify the three different trade area zones and indicate for each of the different geographic area what percentage of customers makes up from each zone.

Which of the following statements is not True when considering and evaluating store locations?