community shopping centers

have more square footage than neighborhood centers

how do you determine to reset your reorder point?

how many units of items you sell a month, how long it takes your supplier to get merchandise

Super-Regional shopping centers

are the largest classification of shopping centers

where you expect to attract customers

the tenant pays rent each month for space occupied

a factor to consider when choosing a location is

selling your product/service through inside or outside sales

the rent per customer equation is

amount of rent divided by number of projected customer

An industrial park is

a section of land that is zoned for industrial businesses

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Entrepreneurship Chapter 8

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Questions 15

Answers

1
visual merchandising is the process of combining products, and spaces into an appealing dispaly
true
false
2
community shopping centers
faces traffic jams and lack of customers in evening
represents easily accessible location
often called strip malls
have more square footage than neighborhood centers
3
how do you determine to reset your reorder point?
every month
how many units of items you sell a month
how long it takes your supplier to get merchandise
when you have extra money
4
Super-Regional shopping centers
designed to attract customers from an entire region
are the smallest classification of shopping centers
decide to patronize businesses closer to home
are the largest classification of shopping centers
5
reorder point is a predetermined level of inventory that signals when stock should be ordered
true
false
6
Trade area is
where you expect to attract customers
the next step in identifying which location is right for you
like an industrial park
an area that suffers from lack of employment
7
in a gross lease
landlord pays rent and taxes
tenant pays base rent each month, landlord receives revenue
when landlord pays building insurance, tenant pays rent
the tenant pays rent each month for space occupied
8
What should the layout of a service business be like
similar to a retail business
use fluorescent lighting
a manufacturing business
keep merchandise close to shipping dock
9
a factor to consider when choosing a location is
selling your product/service through inside or outside sales
if the shopping center is big enough
if you will offer discounts
the lighting
10
the rent per customer equation is
net lease divided by gross lease
amount of rent divided by number of projected customer
gross lease divided by net lease
number of projected customer divided by amount of rent
11
valuable sources of vendor information include
reorder points
Trade Magazines
SBA and SCORE
E-Commerce
12
what sends a positive message about your retail store
put no merchandise in the windows
make things hard to find and hard to reach
clutter the aisles
make the lighting good
13
An industrial park is
areas that suffer from lack of employment or opportunities
a section of land that is zoned for industrial businesses
electronic commerce
tax benefits offered by enterprise zones
14
vendors consist of the products and the materials needed to make products that a business sells
true
false
15
an example of a service business
Wal-Mart
Hair Salon
Home Depot
CVS

Entrepreneurship Chapter 8 Flashcards | StudBud