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:

Negotiable Document

A written instrument, such as a check or bill of lading, that promises payment or delivery and can be transferred to another party.

Risk of Loss

The possibility that an asset's value could decrease due to changes in the market or other factors, affecting the holder's financial position.

Insurable Interest

A requirement that a person must stand to suffer a direct financial loss from the damage, loss, or destruction of the property or life insured.

Goods-in-bailment

Refers to personal property that has been delivered into the hands of another for custody or performance of some service, without transfer of ownership.