Identify the Three Different Trade Area Zones and Indicate for Each

question 38

Essay

Identify the three different trade area zones and indicate for each of the different geographic area what percent of customers the store makes up from each zone.

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Definitions:

Restrictive Covenant

A clause in a contract or agreement that imposes limitations or conditions on the actions of one or more parties, typically to protect business interests.

Remainderman

A third party with the right to the remainder of the fee simple after the death of a life tenant.

Life Estate

A property interest where an individual (the life tenant) has the right to use, occupy, and benefit from a property during their lifetime, after which the property typically reverts to a remainderman.

Matrimonial Home

The dwelling that a married couple or civil partners occupy as their family home.