Choose a Location

Neighborhood shopping centers are often called strip malls.

• True

• False

Community shopping centers are small shopping centers that serve a certain neighborhood.

• True

• False

Warehouses are generally one of the most expensive rental facilities for a retail business.

• True

• False

Industrial parks are usually located away from housing developments and downtown areas.

• True

• False

An advantage of working at home is that many costs are reduced or eliminated.

• True

• False

The cost of maintaining an online business is much less than the cost of buying or leasing a building.

• True

• False

The cost of maintaining an online business is much less than the cost of buying or leasing a building.

• True

• False

Your trade area is the area where all of your competitors are located.

• True

• False

Neighborhood shopping centers

• are good locations for stores selling goods or services that people need to purchase frequently

• typically have low rent

• are typically anchored by a supermarket

• all of these

Many downtown areas have lost business to shopping centers due to

• lack of convenient parking

• higher crime rate

• lack of consumers in the evening

• all of these