Community Shopping Center Refers to a

question 291

Multiple Choice

community shopping center refers to a

• A) suburban mall containing up to 100 stores that draws customer from a 5-to 10-mile radius.
• B) cluster of stores in a downtown area.
• C) cluster of stores that serves people who are within a five- to ten-minute drive.
• D) collection of category killers usually located outside a major amusement park or attraction.
• E) retail location that typically has one primary store (usually a department store branch) with 20 to 40 smaller outlets serving a population of consumers who are within a 10- to 20-minute drive.

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Definitions:

Supplier Performance Index

A quantitative measure used to assess and compare the performance of suppliers, based on criteria such as quality, delivery, and responsiveness.

Supplier Activity Costs

Expenses associated with activities performed by suppliers, including procurement, delivery, and payment processing.

Customer Retention

A metric or strategy focused on keeping existing customers engaged and continuing to buy from a business over time.

Loyalty Cards

Tools used by retail businesses to reward customers for their repeated business, often through points, discounts, or benefits.