The Region from Which a Business Can Expect to Draw

question 29

Multiple Choice

The region from which a business can expect to draw its customers over a reasonable time span is called its ________.

• A)enterprise zone
• B)zoning area
• C)trading area
• D)retail draw

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Definitions:

Scope of Authority

The range or extent of power that an individual or organization legally has to make decisions or take action.

Agent

An individual or entity authorized to act on behalf of another person or entity in business matters or legal transactions.

Liable

Legally responsible for one's actions or for a particular outcome.

Principal's Identity

Refers to the clear disclosure of the principal party's identity in an agency relationship, especially in transactions.