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DRIVE
SUMMER 2016
PROGRAM
Bachelor of Business Administration- BBA
SEMESTER
Semester 6
SUBJECT CODE & NAME
BBR602 –Retail Project Property
Management and Case Studies in Retail
1
Who are the major stakeholders in the property market?
Stakeholders in
the property market
Answer: Major
Stakeholders in the Property Market
Customers and partners: Customers are the people who get
in touch with property dealers or property users to buy a plot or property. The
role of property users does not end with just selling the required property to
the
2
Define a property management plan. What are the steps for formulating it?
Property
management plan
Steps for
formulating property management plan
Answer: A property
management plan is defined as a plan that helps the owners to improve the
management of their property. It is also defined as the operational and
financial strategy for maintaining the property. This plan is mostly
implemented by property managers and real estate management
3
Explain the process of buying retail property.
Process of buying
retail property
Answer: Process of buying retail property
Checklist
analysis: A
checklist can be defined as a list of relevant factors, such as cost,
accessibility, competition, and demographics, which should be analysed by a
retailer while selecting a retail
4
Explain the concept of insurance for retail property.
Concept of
insurance for retail property
Answer: A retail property
owner should take professional help of an insurance broker or executive agents
in order to ensure the right insurance coverage. Insurance coverage can be of
various types, which are:
Basic
Coverage: It
5
What is purpose of online promotion of property?
Purpose of
online promotion of property
Answer: Online promotion
uses the Internet to carry out the marketing activities. The main objectives of
online promotion are presenting information, increasing demand, and
differentiating a product. The Internet is rapidly becoming the most efficient
and effective way to market any form of commercial or retail property. Besides
being cost effective, it covers a broad audience,
6
Write short notes on:
a)
Special Economic Zones
b)
Future design of retail stores
Answer: a) The
Special Economic Zone (SEZ) policy in India first came into inception on April
1, 2000. The prime objective was to enhance foreign investment and provide an
internationally competitive and hassle free environment for exports. The idea
was to promote exports from the
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