sp20 Saved When asked, "What are the three most important things in retailing?" many retailers respond, "Location location is one of the most important decisions a retaller can make. First, location is typically one of th In a customer's store-choice decision. Secondly, location decisions also have strategic Importance bed develop a sustainable competitive advantage. Finally, location decisions are risky because of the subs commitment Many types of locations are available for retail stores, each type with its own strengths and weaknesse the retall location Match the example and characteristic to the retail location. RETAIL LOCATIONS CHARACTERISTIC Freestanding Sites Enclosed, Climate Controlled, Attract many shoppers, Large trade area, Inexpensive form of entertainment Located in malls, airports, colleges, or offices, Look like small carts or stores, Easily moved Central Buisness District An agreement where space is leased to another brand or retailer within a store Strip Shopping Center Temporary location that creates a sense of excitement for a limited amount of time Shopping Mall Convenient for consumers, High vehicular traffic, High visibility to customers Lifestyle Center Contain mostly manufacturers' and retailers' outlet stores, Lower rent than shopping malls Outlet Center C ane sp20 Saved When asked, "What are the three most important things in retailing?" many retailers respond, "Location location is one of the most important decisions a retaller can make. First, location is typically one of th In a customer's store-choice decision. Secondly, location decisions also have strategic Importance bed develop a sustainable competitive advantage. Finally, location decisions are risky because of the subs commitment Many types of locations are available for retail stores, each type with its own strengths and weaknesse the retall location Match the example and characteristic to the retail location. RETAIL LOCATIONS CHARACTERISTIC Freestanding Sites Enclosed, Climate Controlled, Attract many shoppers, Large trade area, Inexpensive form of entertainment Located in malls, airports, colleges, or offices, Look like small carts or stores, Easily moved Central Buisness District An agreement where space is leased to another brand or retailer within a store Strip Shopping Center Temporary location that creates a sense of excitement for a limited amount of time Shopping Mall Convenient for consumers, High vehicular traffic, High visibility to customers Lifestyle Center Contain mostly manufacturers' and retailers' outlet stores, Lower rent than shopping malls Outlet Center C ane