In the Elysian Forest Example, the Planned Unit Development Was

question 32

Multiple Choice

In the Elysian Forest example, the planned unit development was destined to be an unsuccessful venture from its inception because:

• A) There was a comparable project in the community that was successful.
• B) The site and location of the project was atypical of the area as there were significant disadvantages in terms of location and visual appeal.
• C) The target market was a nontraditional segment that relied heavily on a small portion of the local University City population.
• D) University City was a big, high density city that could not support such development.

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Definitions:

Buyers

People or organizations that acquire goods or services.

Income Increase

A rise in the amount of money earned by a person, group, or country, which can affect purchasing power and consumption patterns.

Substitute Good

A product or service that a consumer sees as the same or similar to another product.

Price

The cost associated with obtaining a good or service.