The Location Analysis Technique Typically NOT Employed by Service Organizations

question 71

Multiple Choice

The location analysis technique typically NOT employed by service organizations is:

• A) the factor rating method.
• B) the center-of-gravity method.
• C) purchasing power analysis of area.
• D) traffic counts.
• E) crossover charts.

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Definitions:

Priority

The established order of importance or precedence, often used in contexts where resources are limited or decisions must be made based on urgency.

Equity of Redemption

A mortgagor’s right to pay off the mortgage in full, including interest.

Mortgagor

A borrower in a mortgage agreement who uses property as security for a loan.

Mortgagee

The mortgagee is the lender in a mortgage agreement, typically a financial institution, who lends money to the borrower (mortgagor) for purchasing real estate.