Why Is the Selection of a Retail Location So Critical

question 100

Multiple Choice

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

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

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Definitions:

Double-blind Technique

A research methodology where neither the participants nor the experimenters know who is receiving a particular treatment, minimizing biases.

Drug Therapies

The treatment of disease or symptoms with pharmaceutical drugs as opposed to surgery or other therapies.

Drug Therapy

The treatment of disease or condition through the administration of pharmaceutical drugs, as opposed to surgery, physical therapy, etc.

Self-discipline

The ability to control one's feelings, impulses, and actions in order to achieve long-term goals.