Why Is the Selection of a Retail Location So Critical

question 151

Multiple Choice

Why is the selection of a retail location so critical to a store's success?

• A) Location affects pricing decisions but does not affect store image.
• B) Customers will not drive out of their way to find a store.
• C) A location decision ties up funds that will not appreciate or gain in value.
• D) A location decision typically requires long-term commitment of resources.
• E) Employee density is affected by the area in which the store is located.

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Definitions:

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A museum dedicated to preserving and exhibiting artworks for the public, often funded and operated by governmental or nonprofit entities.

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is a financial obligation that does not have sufficient funds set aside to pay for the future benefits, commonly associated with pensions and retirement benefits.

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