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Exam 7: Retail Locations

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Question 1

Multiple Choice

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Which of the following statements is not a responsibility of the shopping center property management firm?

A) Maintain the parking lots.
B) Ensure that the parking lot has good lighting.
C) Maintain the outdoor signage for the shopping center.
D) Create special events to attract customers to the shopping center.
E) Provide temporary holiday sales staff for retailers.

F) A) and D)
G) A) and E)

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Question 2

Multiple Choice

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Shopping centers consisting primarily of collections of big-box retail stores, such as Walmart, TJ Maxx, Home Depot, Dick's Sporting Goods, and Costco are called

A) community centers.
B) neighborhood centers.
C) power centers.
D) lifestyle centers.
E) theme centers.

F) A) and B)
G) None of the above

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Question 3

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________ are centers that often include office spaces, hotels, residential complexes, civic centers, or convention complexes on top of or attached to a shopping center.

Clark was late to work one morning and decided to use the McDonald's drive-through for his morning cup of coffee. Normally a coffee drinker loyal only to Starbucks, Clark was more interested in speed due to his tardiness. Which of the following best describes Clark's shopping situation?

Which of the following statements about outlet centers is True?

A trade area is the geographic area encompassing most of the customers who would patronize a specific retail site.

When consumers are engaged in comparison shopping situations, they are primarily concerned with minimizing their effort to get the product or service they want.

Building codes are legal restrictions that specify the type of building, signs, size and type of parking lot, and so forth that can be used at a particular location.

There are seven different identifiable disadvantages that shopping malls have as compared to other locations. Describe at least four of these disadvantages.

Urban sprawl is the increased expansion of residential and shopping center development in suburban and rural areas outside of their respective urban centers.

A(n) ________ is one in which the merchandise, selection, presentation, pricing, or other unique factors attract customers even if it is in an inconvenient location.

Which of the following statements best describes outlet centers?

Which of the following is an advantage of enclosed shopping malls?

Pop-up stores are stores in temporary locations that focus on new products or a limited group of products.

Explain mixed-use developments (MXDs) and how they appeal to consumers, retailers, local governments, and developers.

Where is a central business district typically located?

Sara, a traveler, visits a climate-controlled, lighted shopping center with retail stores on both sides of an enclosed walkway. What type of shopping center is this most likely to be?

Bea is a young professional living in the suburbs. She and a friend decide to meet on a Saturday for a day of shopping, dining, and a movie. Since it's a beautiful day outside, they wish to enjoy the weather but also find a place that features upscale apparel shops and boutiques. They will most likely choose to patronize a

On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal. Phil was shopping in which type of shopping center?

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 20th 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