What statement about retail location is correct? *

4 points

There is typically little flexibility in location planning once a location has been chosen.

The selection of a store location requires low investment.

While store location has a strong impact on a retailer's long-run and short-run planning, it does not influence the specific elements of its retail strategy mix.

A good location guarantees success for a retailer.

Things to consider while evaluating opportunities and threat: *

2 points

Regulatory changes

Market Factor & Market growth

Market and competitive factors, and environmental dynamics

Competitive rivalry

The single most important measure of a location's and site's value is its: *

4 points

Parking facilities.

Store merchandise

Transportation facilities.

Pedestrian traffic count.

A _____ is a group of items targeting the same customer type, such as babies' sizes 3 to 6 months. *

2 points

classification

merchandise group

department

stock-keeping unit