Which of the following statements is true with regard to shopping centers?
A)Shopping centers function at the neighborhood level, rather than at the regional or community level.
B)Shopping centers typically contain provisions for many nonretail activities, such as a playground, skating rink, hotel, dining establishments, and a movie theater.
C)Shopping centers are groups of retail businesses built on a site that is planned, developed, owned, and managed as a unit.
D)Shopping centers usually contain exclusive brands and specialty stores, rather than convenience stores or department stores.
E)Shopping centers are identical to lifestyle centers in terms of their size, services, and nature.

Question

Quizplus · Accepted Answer

Shopping centers are groups of retail businesses built on a site that is planned, developed, owned, and managed as a unit. They can function at the neighborhood, regional, or community level, and may contain a variety of nonretail activities, depending on their size and purpose. They can also feature a mix of specialty and convenience stores, as well as department stores. Lifestyle centers, on the other hand, are a type of shopping center that emphasizes upscale, experiential retail and entertainment options, and typically lack traditional anchor stores.

Which of the Following Statements Is True with Regard to Shopping