Today,the Low Cost of Setting Up Shop ________ Makes It

question 33

Multiple Choice

Today,the low cost of setting up shop ________ makes it even more profitable to serve very small niches.

• A) in malls in major cities
• B) in central business districts
• C) on the Internet
• D) near major competitors
• E) far from competitors

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Definitions:

Zoning

Regulations governing the use of land and structures within certain areas to control and direct urban growth and land use.

Lien Theory

A legal theory under which real estate acts as security for the repayment of a debt, with the lender holding an interest in the property until the mortgage is paid in full.

Title Theory

A legal concept in real estate that posits that the mortgage lender holds the title to the property until the mortgage is fully paid off.

Mortgagor

The borrower in a mortgage loan agreement, who pledges property to the lender as security for the loan.