Question 1

A secondary business district (SBD)is a shopping area that evolves to satisfy the convenience-oriented shopping needs of the trading area; such locations usually have a supermarket as their anchor store.

Accepted Answer

The answer of A secondary business district (SBD)is a shopping...

Question 2

The single factor that distinguishes business districts from shopping centers or malls is that business districts are unplanned.

Accepted Answer

Business districts typically evolve organically over time based on economic and social factors, whereas shopping centers or malls are planned and developed with a specific design and tenant mix in mind.

Question 3

Service retailers,such as a plumbers or house painters,may not be concerned about the convenience of their locations.

Accepted Answer

Service retailers typically travel to their customers' locations, so the location of their physical store or office may not be a primary concern.

Question 4

Anchor stores are the stores in a shopping center that are most dominant and are expected to draw customers to the shopping center.

Accepted Answer

Anchor stores are typically large retailers that are well-known and popular, such as department stores or supermarkets. They are called "anchor" stores because they are expected to anchor the shopping center and attract customers to the smaller stores within the center.

Question 5

A community shopping center will typically offer general merchandise and convenience goods.

Accepted Answer

A community shopping center is a smaller shopping center that typically offers everyday convenience goods (such as groceries and household items) and general merchandise (such as clothing and electronics).

Question 6

A neighborhood business district (NBD)generally contains several small stores,with a major retailer being either a supermarket or a variety store.

Accepted Answer

This statement is true. A neighborhood business district typically consists of small stores such as convenience stores or specialty shops, with a larger retailer such as a supermarket or variety store as a main anchor.

Question 7

Freestanding retailers generally experience lower rent than those operating in a central business district.

Accepted Answer

Freestanding retailers have more flexibility in terms of location and usually choose to operate in cheaper areas outside of central business districts, leading to lower rent costs.

Question 8

A key disadvantage of a small retailer locating in a shopping center is that it may be dominated by the anchor tenant.

Accepted Answer

Anchor tenants are large retailers that attract a significant amount of foot traffic to a shopping center. This can potentially overshadow smaller retailers, making it difficult for them to stand out and compete for customers. Therefore, a small retailer locating in a shopping center may be dominated by the anchor tenant, which can be a key disadvantage.

Question 9

Thematic maps use visual techniques such as colors,shading,and lines to display cultural characteristics of physical space.

Accepted Answer

Thematic maps are designed specifically to show a particular theme or topic related to an area. They use various visual techniques such as colors, shading, and lines to visually represent and display the cultural or physical characteristics of that area.

Question 10

A neighborhood shopping center typically has over 500,000 square feet in gross leaseable space.

Accepted Answer

A neighborhood shopping center typically has a smaller size than regional malls, with an average of 150,000 to 350,000 square feet in gross leaseable space.

Question 11

A GIS is a computerized system that combines physical and spatial geography.

Accepted Answer

The answer of A GIS is a computerized system that...

Question 12

Shopping centers and malls account for one-half of all retail sales,excluding automotive,in the United States.

Accepted Answer

According to the International Council of Shopping Centers, shopping centers and malls account for approximately 50% of all retail sales in the United States.

Question 13

A GIS can help develop an optimal mix of merchandise,but is not useful in site analysis.

Accepted Answer

A GIS (Geographic Information System) is useful in both developing an optimal mix of merchandise and site analysis. It can provide spatial analysis tools to analyze demographic data, customer behavior, and market trends to develop a merchandise mix that best suits the target audience. At the same time, it can also help determine the suitability of potential sites for a retail store by analyzing factors such as accessibility, visibility, competition, and market potential. So, the statement is false.

Question 14

A community shopping center generally has a 30-50 percent anchor ratio.

Accepted Answer

The answer of A community shopping center generally has a...

Question 15

Culture is the buffer that humankind has created between itself and the raw physical environment.

Accepted Answer

Culture refers to the shared beliefs, values, customs, behaviors, and artifacts that characterize a group or society. It is the means by which humans adapt to and shape their physical and social surroundings, creating a sort of protective buffer between themselves and nature. Therefore, the statement is true.

Question 16

A retailer's location decision making process begins with an evaluation of supply and demand densities.

Accepted Answer

The answer of A retailer's location decision making process begins...

Question 17

A major advantage of a freestanding location is that such locations are generally free of any zoning regulations.

Accepted Answer

Freestanding locations may still be subject to zoning regulations and restrictions set by government agencies. Zoning regulations can vary by location and can impact what types of businesses are allowed to operate in certain areas.

Question 18

A freestanding retailer generally locates along major traffic arteries and does not have any adjacent retailers to share traffic.

Accepted Answer

A freestanding retailer is a standalone store that is not attached to any other stores or buildings. It is typically located along major traffic arteries to attract customers, and there are no adjacent retailers to share traffic.

Question 19

Physical geography is the latitude and longitude of a specific point in physical space and its related physical characteristics.

Accepted Answer

The answer of Physical geography is the latitude and longitude...

Question 20

A GIS can help the retailer evaluate how the addition of another store in a trading area could cannibalize sales of its existing store(s).

Accepted Answer

GIS can be used to analyze the sales data of a retailer's existing store(s) and identify the geographic areas from which the store(s) draw customers. By overlaying the proposed location of a new store on this analysis, the retailer can evaluate how much of the new store's potential sales would come from existing customers of its other store(s), and how much would come from new customers. This information can help the retailer make an informed decision about whether to open a new store in the area, and if so, how to optimize its market positioning to minimize cannibalization of existing sales.

Quiz 7: Market Selection and Retail Location Analysis