How to define a problem in a shopping centre?
The problem definition is the first step towards launching a research study. The first sign that a problem exists in a shopping centre is: complaints from customers; the under-performance of the centre or the anchor tenants; vacancies and difficulty in filling empty spaces;
How is the success of a shopping mall measured?
Downie et al. (2001) suggested that the effectiveness of a shopping centre tenant mix policy can be monitored by using four methods which are turnover index, shopper surveys, bespoke research and turnover details.
How big should a neighbourhood shopping centre be?
A neighbourhood shopping centre is located within a residential area with net retail area between 30,000 square feet to 150,000 square feet. The primary catchment area is within 5 minutes driving distance with a market catchment between 20,000 to 50,000 people (International Council of Shopping Centres, 2004).
Why are there insufficient parking lots in shopping malls?
Besides, insufficient parking lots can also result in shoppers parking their vehicles along the road fronting the centre which causes slight obstruction to traffic flow. Thus, it becomes less comfortable for drivers who stop to drop or pick their passengers at the centre.
How is the standard cost of a product determined?
‘The planned unit cost of the product, component or service produced in a period. The standard cost may be determined on a number of bases. The main use of standard costs is in performance measurement, control, stock valuation and in the establishment of selling prices.’ CIMA Official Terminology, 2005 Variance analysis
How big should a parking lot be for a shopping center?
The Eno study showed that, for head-in, 90 degree parking, the lots studied averaged 246 square feet per car, with a minimum of 192 square feet and a maximum of 307 square feet. Now 250 square feet per car is considered too small an area for shopping center lots, and 300 is a more commonly accepted figure.
Why are markets difficult to produce public goods?
Markets often have a difficult time producing public goods because free riders will attempt to use the public good without paying for it. The free rider problem can be overcome through measures to assure that users of the public good pay for it.
How is the peak load of a shopping center estimated?
The peak load of a shopping center can be estimated on the basis of the annual gross income of the center.
