Why Are Retailers Interested in Locating in Urban Centers That

question 52

Multiple Choice

Why are retailers interested in locating in urban centers that have been through gentrification?

• A)The influx of more affluent people into the urban area is attractive to retailers.
• B)Multilevel malls are better for the environment.
• C)Retailers are finding carts and kiosks more efficient.
• D)Retailers are responding to the consumer trend of cocooning.
• E)The size of trade areas is shrinking.

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Definitions:

Deflation

A decrease in the general price level of goods and services, often indicating an reduction in the supply of money or credit.

Nominal Interest Rate

The percentage rate at which interest is charged or paid on a loan or investment, not adjusted for inflation.

Inflation Rate

The upward trajectory of prices for goods and services, causing a consequent decline in how much one can purchase.

Purchasing Power

The purchasing power of a currency, showing the quantity of goods or services one unit can acquire.