Week 6

Question 1

is where the company sells
its products. Choosing the right one is
important as it affects sales and profits, and
the resources consumed. Also, each location
has inherent advantages and risks.

Answer 1

Market Location

Question 2

Where there are no other outlets in the vicinity of the store and
therefore store depends on its own pulling power and promotion
to attracts customers.

Answer 2

FREESTANDING /ISOLATED STORE

Question 3

A biggest advantages for freestanding stores is that there is no competition around.

Answer 3

FREESTANDING /ISOLATED STORE

Question 4

This type of location has several advantages including no
competition, low rent, often better visibility from the road, easy
parking and lower property .

Answer 4

FREESTANDING /ISOLATED STORE

Question 5

Normally located along major traffic artery
Gas stations
Fast food & hotels on highways.

Answer 5

FREESTANDING /ISOLATED STORE

Question 6

Large-store formats
- Walter Mart
- SNR

Is examples of

Answer 6

FREESTANDING /ISOLATED STORE

Question 7

Convenience stores
- 7-Eleven
- Alfamart

Is what example in types of stores locations?

Answer 7

Freestanding /isolated store

Question 8

A retail store can also be located as a part of a business district. Or
we can refer this as unplanned business centers

Answer 8

PART OF BUSINESS DISTRICT/CENTERS
(UNPLANNED BUSINESS DISTRICTS)

Question 9

A business district is place of commerce in a city which developed
historically as the center of trade and commerce in the city or town.

Answer 9

PART OF BUSINESS DISTRICT/CENTERS
(UNPLANNED BUSINESS DISTRICTS)

Question 10

A business districts can be a central, secondary or a Neighborhood
business district.

Answer 10

PART OF BUSINESS DISTRICT/CENTERS
(UNPLANNED BUSINESS DISTRICTS)

Question 11

A Central business District CBD is the main center of commerce and
trade in the city. (high land rates , intense development)

Answer 11

PART OF BUSINESS DISTRICT/CENTERS
(UNPLANNED BUSINESS DISTRICTS)

Question 12

A shopping center has been defined as “ a group of retail and other
commercial establishments that is planned , developed, owned and
managed as a single property”

Answer 12

PART OF A SHOPPING CENTER
(PLANNED SHOPPING CENTERS)

Question 13

The basic configuration of a shopping centre is a “Mall ” or Strip centre.

Answer 13

PART OF A SHOPPING CENTER
(PLANNED SHOPPING CENTERS)

Question 14

• A mall is typically enclosed and climate controlled. A walkway is provided
in front of the stores.

Answer 14

PART OF A SHOPPING CENTER
(PLANNED SHOPPING CENTERS)

Question 15

A strip centre is a row of stores with parking provided in the front of the
stores.

Answer 15

PART OF A SHOPPING CENTER
(PLANNED SHOPPING CENTERS)

Question 16

are the largest
planned shopping centers.

Answer 16

Regional shopping centers or Mall

Question 17

usually
have a balanced mix of stores including a few grocery
stores , a chemist, a verity store and a few other stores
selling convenience goods to the residents of the
neighborhood.

Answer 17

Neighborhood/community/shopping centers

Question 18

the qualitative information gathered about the passing traffic should include counting the individuals who seem to possess the characteristics appropriate to the desired clientele,
judging their reasons for using that route, and calculating their ability
to buy

Answer 18

Traffic count

Question 19

• in making a __________ count you must
  decide: who is to be counted; where the count should take place; and when the count should be made. In considering who is to be counted,
  determine what types of people should be included.

Answer 19

Pedestrian Traffic Count

Question 20

data from a pedestrian traffic survey can
give you information on whether or not the site would generate a profitable volume for your store.

Answer 20

Estimate Of Store Sales

Question 21

• a growing number of retail firms depend
  on drive-in traffic for their sales. Both the quantity and quality of
  automotive traffic can be analyzed in the same way as pedestrian
  traffic.

Answer 21

Automobile Traffic Count