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

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

A. kiosk
B. parasite store
C. store within a store
D. timed leased agreement
E. pop-up shop

Answer: E

Developers will usually look for ____________ to build lifestyle centers.

Developers will usually look for ____________ to build lifestyle centers. 

A. small towns
B. middle- class neighborhoods
C. high-income neighborhoods
D. interstate interchanges
E. inner city locations

Answer: C

The retailers that attract a significant number of consumers and make the center more appealing for other retailers are ___________ stores.

The retailers that attract a significant number of consumers and make the center more appealing for other retailers are ___________ stores. 

A. parasite
B. anchor
C. location rival
D. leader
E. alpha

Answer: B

The major retailers, typically a large department store or big box store in a shopping center is referred to as the __________ store.

The major retailers, typically a large department store or big box store in a shopping center is referred to as the __________ store. 

A. parasite
B. anchor
C. location rival
D. leader
E. alpha

Answer: B

What type of product will a consumer look for without regard to time, money or effort?

What type of product will a consumer look for without regard to time, money or effort? 

A. impulse product
B. time-crunch product
C. comparison product
D. convenience product
E. specialty product

Answer: E

The Hobby Shop features hand-crafts, model trains, cars and planes as well as classes. It doesn't matter where it is located as it seems to have a natural draw. What type of store is the Hobby Shop?

The Hobby Shop features hand-crafts, model trains, cars and planes as well as classes. It doesn't matter where it is located as it seems to have a natural draw. What type of store is the Hobby Shop? 

A. demand-oriented service-provider
B. ultimate merchandiser
C. destination store
D. ultimate provider
E. supply-oriented service-provider

Answer: A

Lowe's and Best Buy would most likely be found in a _________ shopping center.

Lowe's and Best Buy would most likely be found in a _________ shopping center. 

A. power
B. regional
C. strip
D. theme/festival
E. central-business

Answer: A

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

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

A. demand-oriented service-provider
B. ultimate merchandiser
C. destination store
D. ultimate provider
E. supply-oriented service-provider

Answer: C

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/an:

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/an: 

A. kiosk
B. power center
C. store-within-a-store
D. timed leased agreement
E. pop-up shop

Answer: C

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

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

A. Airport leases are affordable and short-term.
B. Tourists find unique stores at airport not available to them at other shopping centers.
C. Travelers tend to carry more money than a traditional shopper.
D. Changes in security have encouraged travelers to arrive earlier and make more purchases after they go through security.
E. Airport retailers can pay employees lower wages than what they pay at other shopping centers.

Answer: D

A shopping center that would include Dillard's, Sam's Club, JCPenney, Borders and Best Buy while combining a mall, lifestyle center and power center characteristics in a unified layout can best be described as a(n):

A shopping center that would include Dillard's, Sam's Club, JCPenney, Borders and Best Buy while combining a mall, lifestyle center and power center characteristics in a unified layout can best be described as a(n): 

A. omnicenter
B. regional mall
C. strip center
D. theme/festival center
E. community shopping center

Answer: A

The Home Laughlin China Company of Newel 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:

The Home Laughlin China Company of Newel 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: 

A. lifestyle center
B. a mixed-use development
C. an outlet store
D. regional center
E. festival center

Answer: C

Where would you most likely find a lifestyle center?

Where would you most likely find a lifestyle center? 

A. at interstate interchanges
B. in high-income neighborhoods
C. in low-income neighborhoods
D. in small towns
E. near discount store malls

Answer: B

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

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

A. lifestyle center
B. mixed-use development
C. outlet center
D. off-price center
E. price-oriented center

Answer: B

Because of the open-air configuration of upscale specialty stores, coupled with entertainment and restaurants, ____________ are very convenient for shoppers.

Because of the open-air configuration of upscale specialty stores, coupled with entertainment and restaurants, ____________ are very convenient for shoppers. 

A. convenience centers
B. regional malls
C. off-price centers
D. outlet centers
E. lifestyle centers

Answer: E

Shopping centers that focus on posh neighborhoods, high-income areas with an outdoor, traditional streetscape are considered to be _______.

Shopping centers that focus on posh neighborhoods, high-income areas with an outdoor, traditional streetscape are considered to be _______. 

A. convenience centers
B. regional malls
C. off-price centers
D. outlet centers
E. lifestyle centers

Answer: E

JC Penney has many Sephora cosmetic shops within its stores. This would be an example of a __________.

JC Penney has many Sephora cosmetic shops within its stores. This would be an example of a __________. 

A. kiosk
B. symbiotic relationship between JCPenney and Sephora
C. store within a store
D. timed leased agreement
E. pop-up shop

Answer: C

What are some of the challenges being faced by malls?

What are some of the challenges being faced by malls? 

A. Customers are not able to stay at malls for extended periods of time because of the lack of places to get food.
B. Foot traffic is low at malls.
C. There is little entertainment value at malls.
D. Many aging malls have not been updated and are unappealing to shoppers.

Answer: D

Which of the following statements about shopping malls is TRUE?

Which of the following statements about shopping malls is TRUE? 

A. Each retailer is responsible for the external environment outside its store.
B. Managers of shopping malls either want to have all specialty stores or all shopping goods stores--never a mix of the two.
C. Shopping malls have lower rents than central business districts.
D. The tenant mix in a shopping mall is not planned.
E. There are uniform hours of operations for all retailers.

Answer: E

Corleon needed a new jacket for the approaching cooler weather. She decided to drive twenty minutes to a shopping center. Once there, she searched for a parking spot, and walked to get to the stores. However, once inside, she could remain warm and walk leisurely to a variety of stores which carried the assortments she sought. Corleone was shopping in what type of shopping center?

Corleon needed a new jacket for the approaching cooler weather. She decided to drive twenty minutes to a shopping center. Once there, she searched for a parking spot, and walked to get to the stores. However, once inside, she could remain warm and walk leisurely to a variety of stores which carried the assortments she sought. Corleone was shopping in what type of shopping center? 

A. central business district
B. mixed-use development
C. shopping mall
D. power center
E. strip center

Answer: C