Shared Flashcard Set

Details

Small Business
Vocabulary 8.0
20
Business
12th Grade
05/03/2011

Additional Business Flashcards

 


 

Cards

Term
Anchor stores
Definition
Well-established major retail stores that provide stability and security for shopping centers or malls.
Term
Business image
Definition
The perception or beliefs that people have about a business.
Term
Business layout
Definition
A floor plan or map that shows how a business intends to use the space in the site to conduct business.
Term
Convenience goods
Definition
Inexpensive products that are purchased regularly and require little time and effort for purchase decisions.
Term
Central shopping district
Definition
Downtown area of a town or city or the commercial center.
Term
Community shopping center
Definition
Shopping center with one or two anchor stores and 10 or more smaller stores designed to serve residents from many neighborhoods.
Term
Downtown area
Definition
Central shopping district of a town or city or the commercial center.
Term
Enclosed layout
Definition
Organizes types of merchandise into separate areas divided by walls to create individual shopping environments.
Term
Home-based
Definition
Operated from a private home usually to cut back on expenses.
Term
Industrial park
Definition
Business properties developed on less expensive sections of land away from housing developments and downtown areas.
Term
Mall
Definition
An enclosed, climate controlled shopping area.
Term
Neighborhood shopping center
Definition
Caters to the convenience needs of residents of a certain neighborhood by including a supermarket or drug store as anchor tenants.
Term
Landscaped/free-flow layout
Definition
A flexible layout using a combination of the open and enclosed layouts with creative displays to improve customer and sales staff interaction.
Term
Open layout
Definition
A layout plan that consists of completely open sales space bounded by outside walls.
Term
Regional shopping center or mall
Definition
An enclosed shopping center or mall that combines three or four anchor stores with 40 other stores designed to serve customers from several towns or cities in the region.
Term
Right-angle grid
Definition
A highly structured layout design that produces a pattern of crossing aisles.
Term
Shopping goods
Definition
Items purchased after comparing prices and features.
Term
Specialty goods
Definition
Products that are sought by a consumer who desires a specific brand or product.
Term
Stand alone/Free standing
Definition
A business location just outside of shopping centers and away from other businesses.
Term
Super regional shopping center or mall
Definition
An extremely large shopping center or mall that exceeds 750,000 square feet and combines many anchor stores and hundreds of smaller stores.
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