Question 1

Many companies are capitalizing on people being at the airports longer and not being able to carry many personal health and beauty aids.A vending machine selling cosmetics and perfume at an airport is a _____.

Accepted Answer

Merchandise kiosks are small selling spaces,typically located in the walkways of enclosed malls,airports,college campuses,or office building lobbies.

Question 2

What type of shopping center has an open-air configuration of specialty stores,entertainment,and restaurants?

Accepted Answer

Lifestyle centers are shopping centers that have an open-air configuration of specialty stores,entertainment,and restaurants,with design ambience and amenities such as fountains and street furniture.

Question 3

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

Accepted Answer

Passengers arrive earlier for their flights than they did in the past,leaving them more time to shop.In addition,a cutback in airline food service has more people seeking sustenance in the airport.As a result,sales per square foot at airport malls are often much higher than at regular mall stores.

Question 4

_____ can be defined as shopping centers that employ a unifying theme that is carried out by the individual shops in their architectural design and,to an extent,in their merchandise.They are typically designed to appeal to tourists.

Accepted Answer

This is the definition of theme/festival centers.

Question 5

Breanne was walking across campus to her chemistry lab when she noticed an area that had lingerie merchandise that was not there earlier in the week.This retail format would be an example of a ______.

Accepted Answer

Retailers and manufacturers sometimes open pop-up stores,which are stores in temporary locations that focus on new products or a limited group of products.

Question 6

Which of the following statements best describes outlet centers?

Accepted Answer

Tourism represents 50 percent of the traffic generated for many outlet centers.Thus,many are located with convenient interstate access and close to popular tourist attractions.

Question 7

As Chelsea walked through the concourse to her connecting flight to Spain,she walked by a place selling CDs to learn a foreign language.Since she needed to brush up on her conversational Spanish,she talked with the person standing with the cart.The cart of merchandise would be described as a _____.

Accepted Answer

Merchandise kiosks are small selling spaces,typically located in the walkways of enclosed malls,airports,college campuses,or office building lobbies.

Question 8

The Home Laughlin China Company of West Virginia manufactures Fiesta China in a variety of colors.The factory has a store where they feature Fiesta products that are discounted or discontinued.Patrons come in to shop with crates expecting to purchase the Fiesta products in large quantities.This type of store can be considered as a(n):

Accepted Answer

Outlet centers have mostly manufacturers' and retailers' outlet stores.In the past,outlet stores sold damaged merchandise or excess production overruns.However,retailers have improved their demand forecasting,reducing the availability of production overruns.

Question 9

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 20^th 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

It is not a specialty center or regional center because there are no large specialty stores or department stores in it.The old cigar factory has historical interest making it an interest to tourists.

Question 10

An old factory was converted into condominiums on the top six floors,a health club on the fourth floor,offices on floors two and three,and specialty shops and restaurants on the ground floor.This would be an example of a(n)_____.

Accepted Answer

Mixed-use developments combine several different uses into one complex including retail,office,residential,hotel,recreation,or other functions.

Question 11

The Watertower Place on Michigan Avenue in Chicago has many high-quality boutiques,amongst office space and residential condominiums.It is an example of a(n):

Accepted Answer

Mixed-use developments (MXDs)combine several different uses into one complex including retail,office,residential,hotel,recreation,or other functions.

Question 12

Developers will usually look for _____ to build lifestyle centers.

Accepted Answer

Many lifestyle centers are located near higher-income areas,so the higher purchases per visit compensate for the fewer number of shoppers.

Question 13

Why would a small retailer be interested in a kiosk?

Accepted Answer

Merchandise kiosks are small selling spaces,typically located in the walkways of enclosed malls,airports,college campuses,or office building lobbies.For mall operators,kiosks are an opportunity to generate rental income in otherwise vacant space and offer a broad assortment of merchandise for visitors.

Question 14

Which of the following statements about outlet centers is true?

Accepted Answer

Outlet centers are shopping centers that contain mostly manufacturers' and retailers' outlet stores.Typically,outlet centers are in remote locations.These remote locations offer lower costs and reduce the competition between the outlet stores and department and specialty stores offering the branded merchandise at full price.

Question 15

When Rebekah took her kids to Kmart,she noticed a Little Caesar's Pizza restaurant near the entrance,which prompted her to stop for lunch.This restaurant is a great example of a:

Accepted Answer

Store-within-a-store locations involve an agreement in which a retailer rents a part of the retail space in a store operated by another independent retailer.The host retailer basically "sublets" the space to the store-within retailer.

Question 16

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

Accepted Answer

Sales per square foot at airport malls are often much higher than at regular mall stores.However,rents are higher too.Also,costs can be higher-hours are longer,and because the location is often inconvenient for workers,the businesses have to pay higher wages.

Question 17

_____ 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

Mixed-use developments combine several different uses into one complex including retail,office,residential,hotel,recreation,or other functions.

Question 18

The retail tenants in Underground Atlanta are similar to those found in specialty centers,except that they are all small.Their goal is to create a unique shopping environment for customers.What type of shopping center is Underground Atlanta?

Accepted Answer

The Underground Atlanta is a unique shopping environment for locals as well as tourists.In theme/festival centers,a unifying theme generally is reflected in each individual store,both in their architecture and the merchandise they sell.

Question 19

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

Accepted Answer

Mixed-use developments are pedestrian-oriented and therefore facilitate a live-work-play environment.In addition,MXDs are popular with retailers because they bring additional shoppers to their stores.

Question 20

Which of the following does not describe mixed-use developments (MXDs)?

Accepted Answer

MXDs are popular with governments,urban planners,developers,and environmentalists because they provide a pleasant,pedestrian environment and are an efficient use of space.

Quiz 7: Retail Locations