Identify the First Step in the Retail Location Decision

question 89

Multiple Choice

Identify the first step in the retail location decision.

• A) Evaluation of the trading area's demand and supply density.
• B) Identification of the most attractive markets in which to operate.
• C) Evaluation of capital constraints facing the retailer.
• D) Evaluation of the trading area's supply related factors.
• E) Identification of the trading areas that should be ignored.

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Definitions:

Multiple Discriminant Analysis

A statistical technique used to differentiate items or cases into groups by analyzing multiple variables simultaneously.

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and decrease waste.

Spread

Spread can refer to the difference between the bid and ask prices of financial instruments or the difference between interest rates on two different investments.