GGR252H5 Midterm: GGR Test Review
Document Summary
So everyone who owns a business there comes together to help each other out in a way think about consumers, business plan. Impact: category killers remove competition --category killers gets rid of diversely because i(cid:374)depe(cid:374)de(cid:374)t stores ca(cid:374)(cid:859)t co(cid:373)pete: helps control prices, geography: stand alone facilities: other stores grow around it (ex ikea) chap land, car accessible. Power centers: require a lot of space, easy parking space. Large retail chain (walmart) that carries wide range of products: focus on product volume that keeps prices low, gets rid of small businesses, tracking technology: barcode allow people to track buying and selling helps control. Larger in size pricing helps increase sales. Independent stores are becoming more popular, brand recognition is a big thing. Explain the differences between each of the following as they apply to an understanding of retail geography: business franchises and retail chains (5)
