Retail Trade Areas: Definition & Factors

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The geographic area that supplies most of the customers for a retail store is known as the _____.

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1. Things like gas and groceries are items that consumers stay in their _____ to buy.

2. Trade area analysis helps locate your customer base, but it also can help with:

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About This Quiz & Worksheet

What does trade area analysis help with? What do gravity models use? These are examples of the type of information you will need to be familiar with to successfully complete this quiz and worksheet assessment.

Quiz & Worksheet Goals

You will be asked to do the following when you take this quiz:

  • Identify the phrase that describes the geographic area supplying the most customers for a retail store
  • Note in which area consumers would stay to buy items like groceries and gas
  • Recall what trade area analysis helps with
  • State what gravity models use to show the effect of distance on spatial interactions
  • Name the shape of a resulting trade area from a drive-time analysis

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson, such as what describes the area that supplies the most customers for a particular retail store
  • Information recall - access the knowledge you've gained regarding gravity models
  • Knowledge application - use your knowledge to answer questions about drive-time analysis and trade area analysis

Additional Learning

Gain a better understanding of this subject by exploring the lesson titled Retail Trade Areas: Definition & Factors. You can learn more about the following:

  • Where data for retail trade areas comes from
  • Which three tiers can be used to delineate trade areas
  • What radial studies are also called
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