Which of the following statement is true in determining the cost of a store in a shopping center or a mall?
A)There should be a good fit with other products and brands sold in the mall or center.
B)A business owner must consider the types of companies that will be occupying as tenants.
C)Vacancy rate is important.
D)All of the above

Question

Quizplus · Accepted Answer

All of the above statements are true when determining the cost of a store in a shopping center or a mall. The location of a store should complement the other products and brands sold in the mall or center. A business owner needs to consider the types of companies that will be occupying as tenants because they will influence the amount of foot traffic that the store will receive. The vacancy rate is also an important factor to consider because a high vacancy rate can indicate low demand for space, leading to lower rents. Therefore, a business owner should consider all of these factors before deciding on a rental cost for the store.

Which of the Following Statement Is True in Determining the Cost