What are freestanding stores?

What will be an ideal response?


Freestanding stores, found in many locations, may be the best for customers who have brand or company loyalty, or for those who identify with a given shop, where a business has a competitive edge over its competitors, where the character of customers and growth objectives blend well. Low costs, good parking, independent hours and operations, and restricted competition in these locations tend to fit the more entrepreneurial types of businesspeople. However, to attract customers, especially new ones, one may have to do considerable advertising. Moreover, acquiring a suitable building and land may be difficult.

Business

You might also like to view...

Which of the following is true of covenants and conditions?

A) A covenant is a conditional promise to perform. B) A conditional promise becomes a covenant if the condition is met. C) A contract cannot contain conditions to excuse performance. D) A party cannot sue over breach of a covenant by the other party.

Business

Net sales is calculated by subtracting cost of goods sold from sales revenue.

Answer the following statement true (T) or false (F)

Business

Professionals are required to adhere to certain standards of performance within their profession.?

Indicate whether the statement is true or false

Business

For firms to raise capital in international markets, it is more important to adhere to capital structure ratios similar to those found in the United States and United Kingdom than to those in the firm's home country

Indicate whether the statement is true or false.

Business