Question 1

_____ are centers that often include office spaces,hotels,residential complexes,civic centers,or convention complexes on top of or attached to a shopping center.

Accepted Answer

A)   Multilevel marketing centers
B)   Mixed-use developments
C)   Convention centers
D)   Marketing complexes
E)   Urban shopping arenasF) B) and C)
G) All of the above

Question 2

There are seven different identifiable disadvantages that shopping malls have as compared to other locations.Describe at least four of these disadvantages.

Accepted Answer

The disadvantages that shopping malls ha...

Question 3

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

Accepted Answer

A)   Convenience stores
B)   Drugstores
C)   Fast-food restaurants
D)   Supermarkets
E)   Auto dealershipsF) B) and E)
G) C) and E)

Question 4

_____ 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)   MicrodistrictF) C) and E)
G) All of the above

Question 5

Which of the following is an advantage of enclosed shopping malls?

Accepted Answer

A)   They have a large trade area.
B)   Mall occupancy costs are cheap.
C)   Less competition within the shopping center
D)   Low pedestrian traffic
E)   Low vehicular trafficF) B) and D)
G) A) and C)

Question 6

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

Accepted Answer

First,location is typically one of the m...

Question 7

The major retailers,typically a large department store or big-box store in a shopping center is referred to as the _____ store.

Accepted Answer

A)   parasite
B)   anchor
C)   location rival
D)   leader
E)   alphaF) C) and E)
G) None of the above

Question 8

Where is a central business district typically located?

Accepted Answer

A)   Downtown area
B)   Rural area
C)   Semi-urban area
D)   Airport
E)   Shopping mallsF) A) and B)
G) A) and C)

Question 9

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?

Accepted Answer

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

Question 10

The maintenance of common facilities,security,advertising,and special events to attract consumers are handled by the shopping center management and are covered under _____ costs.

Accepted Answer

A)   common area maintenance
B)   community coverage
C)   location revival
D)   uniform code
E)   development preservationF) A) and C)
G) B) and D)

Question 11

Which of the following statements is true of central business districts?

Accepted Answer

A)   It has low pedestrian traffic.
B)   It has limited vehicular traffic.
C)   It provides inexpensive retail space.
D)   The shopping flow is fast during weekends.
E)   The shopping flow is fast during evenings.F) All of the above
G) B) and E)

Question 12

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.F) B) and C)
G) A) and E)

Question 13

Explain mixed-use developments (MXDs)and how they appeal to consumers,retailers,local governments,and developers.

Accepted Answer

Mixed-use developments (MXDs)combine sev...

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.F) B) and E)
G) D) and E)

Question 15

Shopping centers consisting primarily of collections of big-box retail stores,such as Walmart,TJMaxx,Home Depot,Dick's Sporting Goods,and Borders are called:

Accepted Answer

A)   community centers.
B)   neighborhood centers.
C)   power centers.
D)   lifestyle centers.
E)   theme centers.F) D) and E)
G) B) and D)

Question 16

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

Accepted Answer

A)   Impulse product
B)   Time-crunch product
C)   Comparison product
D)   Convenience product
E)   Specialty productF) A) and B)
G) C) and E)

Question 17

When consumers are engaged in comparison shopping situations,they are primarily concerned with minimizing their effort to get the product or service they want.

Accepted Answer

A) True 
 B)False

Question 18

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 19

Ybor Square is a small shopping center located in the part of Tampa known as Ybor City.The shopping center building used to be a cigar factory that prospered at the turn of the 20th century when Cuban and Italian immigrants settled in the Tampa Bay area.Now,it houses small antique stores,bars,and restaurants that have grown to be central to Ybor City's night life.It is an example of a:

Accepted Answer

A)   convenience center.
B)   regional center.
C)   price-oriented center.
D)   specialty center.
E)   theme/festival center.F) A) and B)
G) A) and C)

Question 20

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

Accepted Answer

A)   power
B)   regional
C)   strip
D)   theme/festival
E)   central-businessF) A) and B)
G) A) and C)

Exam 7: Retail Locations

Correct Answer
verified

Explain mixed-use developments (MXDs)and how they appeal to consumers,retailers,local governments,and developers.

Correct Answer
verified
Mixed-use developments (MXDs)combine sev...
View Answer

_____ are centers that often include office spaces,hotels,residential complexes,civic centers,or convention complexes on top of or attached to a shopping center.

Correct Answer
verified

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

Correct Answer
verified

Which of the following is an advantage of enclosed shopping malls?

Correct Answer
verified

Shopping centers consisting primarily of collections of big-box retail stores,such as Walmart,TJMaxx,Home Depot,Dick's Sporting Goods,and Borders are called:

Correct Answer
verified

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

Correct Answer
verified

When consumers are engaged in comparison shopping situations,they are primarily concerned with minimizing their effort to get the product or service they want.

Correct Answer
verified

There are seven different identifiable disadvantages that shopping malls have as compared to other locations.Describe at least four of these disadvantages.

Correct Answer
verified
The disadvantages that shopping malls ha...
View Answer

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

The major retailers,typically a large department store or big-box store in a shopping center is referred to as the _____ store.

Correct Answer
verified

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.

Correct Answer
verified

The maintenance of common facilities,security,advertising,and special events to attract consumers are handled by the shopping center management and are covered under _____ costs.

Correct Answer
verified

Where is a central business district typically located?

Correct Answer
verified

Which of the following statements is true of central business districts?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified
First,location is typically one of the m...
View Answer

Exam 7: Retail Locations

Correct AnswerverifiedShow Answer

Explain mixed-use developments (MXDs)and how they appeal to consumers,retailers,local governments,and developers.

Correct AnswerverifiedMixed-use developments (MXDs)combine sev...View AnswerShow Answer

_____ are centers that often include office spaces,hotels,residential complexes,civic centers,or convention complexes on top of or attached to a shopping center.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is an advantage of enclosed shopping malls?

Correct AnswerverifiedShow Answer

Shopping centers consisting primarily of collections of big-box retail stores,such as Walmart,TJMaxx,Home Depot,Dick's Sporting Goods,and Borders are called:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When consumers are engaged in comparison shopping situations,they are primarily concerned with minimizing their effort to get the product or service they want.

Correct AnswerverifiedShow Answer

There are seven different identifiable disadvantages that shopping malls have as compared to other locations.Describe at least four of these disadvantages.

Correct AnswerverifiedThe disadvantages that shopping malls ha...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The major retailers,typically a large department store or big-box store in a shopping center is referred to as the _____ store.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

The maintenance of common facilities,security,advertising,and special events to attract consumers are handled by the shopping center management and are covered under _____ costs.

Correct AnswerverifiedShow Answer

Where is a central business district typically located?

Correct AnswerverifiedShow Answer

Which of the following statements is true of central business districts?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedFirst,location is typically one of the m...View AnswerShow Answer

Correct Answer
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Correct Answer
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Mixed-use developments (MXDs)combine sev...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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The disadvantages that shopping malls ha...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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First,location is typically one of the m...
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