The Grouped Location Approach Is Based on the Principle of ________

question 19

Multiple Choice

The grouped location approach is based on the principle of ________, which states that a cluster of similar and complementary retailing activities will generally have greater drawing power than isolated stores that engage in the same retailing activities.

• A) multiple risk
• B) analog approach
• C) cumulative attraction
• D) consumer spotting
• E) diminishing adjacent

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Definitions:

Arranging Trades

The process of facilitating exchange of goods, services, or financial instruments between parties.

Transactions

The act of conducting business or commercial dealings, involving the exchange of goods, services, or funds.

Middleman

An intermediary who facilitates transactions between buyers and sellers, potentially adding value in the distribution channel.

Arranging Trades

The process of organizing or facilitating exchanges of goods, services, or financial instruments between parties.