Which of the following statements is true of shopping centers?
A) Most shopping centers function at the regional level rather than at the neighborhood level.
B) Shopping centers typically contain only those stores that target a niche market segment of high income groups.
C) Shopping centers are groups of retail businesses built on a site that is planned, developed, owned, and managed as a unit.
D) Shopping centers usually contain exclusive brands and specialty stores rather than convenience stores or department stores.
E) Shopping centers are huge superstores that offer a deep assortment of a particular product line.

Question

Quizplus · Accepted Answer

Shopping centers are defined as groups of retail businesses built on a site planned, developed, owned, and managed as a unit. This indicates that shopping centers are not merely collections of individual stores but are rather an integral part of a planned commercial development. Thus, option C is the correct answer. Option A is incorrect because shopping centers can function at the neighborhood level (e.g. strip malls) as well as at the regional level. Option B is incorrect because shopping centers contain a mix of stores that cater to different segments of the population. Option D is incorrect because shopping centers usually contain a mix of stores including department stores, convenience stores, and specialty stores. Option E is incorrect because the definition of a shopping center does not include the characteristic of being a superstore.

Which of the Following Statements Is True of Shopping Centers