Question 1

Simon is planning to open a store for hockey enthusiasts, and has found an affordable location in a small strip centre off a major highway. What concerns should he have when he considers the accessibility of the site?

Accepted Answer

All of these factors are important for accessibility. Visibility ensures the store can be easily seen by potential customers. Road patterns and traffic flow affect how easily customers can reach the store. Artificial barriers can impede access or make the location less convenient.

Question 2

Tearing down old buildings or restoring them into new offices, housing developments, and retailers is an example of:

Accepted Answer

Gentrification involves renovating and improving a district so that it conforms to middle-class taste, often leading to the displacement of lower-income residents.

Question 3

Which of the following refers to the customer's ability to see the store and enter the parking lot safely?

Accepted Answer

Visibility refers to the customer's ability to see the store and enter the parking lot safely.

Question 4

In an accessibility analysis of a retail location in Niagara Falls, which type of retailer would be most concerned about visibility?

Accepted Answer

Retailers that depend on tourist dollars need high visibility to attract tourists who may not be familiar with the area, making visibility crucial for their success.

Question 5

When a city's old buildings have been modernized, cracked sidewalks have been replaced with wide brick walks, and new multipurpose office buildings have opened, this is an example of:

Accepted Answer

Gentrification refers to the process of renovating and improving a district so that it conforms to middle-class taste, often involving the modernization of old buildings and infrastructure.

Question 6

Why are airports such a profitable place to have a retail business?

Accepted Answer

Airports have captive audiences with travelers who often have waiting times before flights, leading them to spend money in airport shops.

Question 7

When considering the trade area zone, Dillon should realize the__________ for his grocery store includes all the people within a five minute drive of his store.
A) secondary zone
B) macro zone
C) geographic zone
D) primary zone
E) tertiary zone

Accepted Answer

The answer of When considering the trade area zone, Dillon...

Question 8

Why are grocery stores located in strip centres?

Accepted Answer

The answer of Why are grocery stores located in strip...

Question 9

If Wally wanted to analyze accessibility factors in the immediate vicinity of a retail site for a pro-golf shop, he should evaluate:

Accepted Answer

All these factors contribute to the accessibility of a retail site, affecting customer convenience and the shop's visibility.

Question 10

are shopping centres that include office towers, hotels, residential complexes, civic centres, and convention complexes on top of or attached to the shopping centre.

Accepted Answer

Mixed-use developments are large-scale projects that combine multiple uses, such as retail, office, residential, and civic, into a single complex.

Question 11

Which of the following is an issue that affects the site decision?

Accepted Answer

All the options listed (zoning, environmental issues, signs, and condition of building) are factors that can influence the decision of selecting a site for development or business operations.

Question 12

In terms of trade areas, the owner of Bubba's Bar and Grille defines his _____________ geographic area in which 65 percent of his customers live.

Accepted Answer

The primary zone is the geographic area where the majority of a business's customers, typically around 65%, are located.

Question 13

When Lonnie took her kids to Walmart, she noticed a McDonald's restaurant near the entrance, which prompted her to stop for lunch. This restaurant is a great example of a/an:

Accepted Answer

A "store within a store" refers to a smaller retail space located within a larger retail environment, like a McDonald's inside a Walmart.

Question 14

What are the advantages gained from locating in a freestanding site?

Accepted Answer

Freestanding sites often offer ample parking for customers, which is an advantage for businesses as it makes it easier for customers to visit.

Question 15

How would you classify products you would most likely find at 7-Eleven or Sobeys?

Accepted Answer

Convenience goods are products that are frequently purchased, require little comparison or thought, and are widely available. Products found at 7-Eleven or Sobeys, such as snacks, drinks, and basic groceries, fit this description.

Question 16

The most serious disadvantage inherent in a freestanding site is:

Accepted Answer

Freestanding sites often lack the synergy that comes from being located near other stores, which can attract more foot traffic and potential customers.

Question 17

Bob finally got the nerve to tattoo his girlfriend's name on his arm. The tattoo parlour, Tattoo On You is located 10 kilometres away. For Bob, that parlour is an example of a/an:

Accepted Answer

Tattoo On You is a destination store because it is a specific store that Bob traveled a significant distance to visit.

Question 18

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

Accepted Answer

Mixed-use developments attract a variety of people due to their combination of residential, commercial, and sometimes recreational spaces, which can increase foot traffic and bring additional shoppers to retail stores located within them.

Question 19

A____________ is one in which the merchandise, selection, presentation, pricing, or other unique factor act as a magnet for customers.

Accepted Answer

A destination store is designed to attract customers due to its unique offerings, such as merchandise selection, presentation, or pricing, making it a magnet for shoppers.

Question 20

Costco requires a tremendous amount of operating space; therefore, you are most likely to find them located in a/an:

Accepted Answer

Costco typically requires large spaces for their warehouse-style stores, which are often found in freestanding sites that can accommodate their size and parking needs.

Quiz 5: Retail Locations Strategytrade Area Decisions and Site Assessment