Write a 525- to 700-word paper on key information you learned from the Retail Location Activity that answers the following questions:
- What should retailers evaluate when considering store locations (e.g. traffic flow and accessibility)?
- How might a store's location affect long-term profit (e.g. economic conditions)?
- What informational sources should be taken into consideration when determining potential retail sites (e.g. demographics data from the U.S. Census Bureau)?
- What competitive advantages are gained through the strategic placement of a retail organization?
- Think about the retail establishments within your area. What types of customers frequent these stores and why?
- Do you believe that all of the audit statements and organizations matched correctly? If not, why not?