In Terms of Trade Areas, the Owner of Bubba's Bar

question 75

Multiple Choice

In terms of trade areas, the owner of Bubba's Bar and Grille defines his ________ as the geographic area in which 70 percent of his customers live.

• A) primary trading area
• B) fundamental market
• C) geographic market
• D) secondary trading area
• E) tertiary trading area

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Definitions:

Secured Bond

A bond backed by collateral to decrease the risk of default.

Due Process

A fundamental legal principle that ensures fair treatments and procedures are followed by the government before depriving a person of life, liberty, or property.

Fourth Amendment

A provision in the U.S. Constitution protecting individuals from unreasonable searches and seizures by the government.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, with certain conditions for later adoption by the corporation.