BBR602 –Retail Project Property Management and Case Studies in Retail

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DRIVE

Spring 2017

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 customers. Rather, they need to develop a healthy rapport with customers for future references.

Partners

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 companies. A property management plan focuses on maintaining the market value of the

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 includes basic coverage packages to ensure rental property against loss from fire, lightning, explosion, storm, riot, vandalism, burglary, etc. This coverage often does not

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

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 exp

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