Homebased - A business whose primary office is in the owner’s home., Online - The process of selling goods and services over the internet., Retail Location - A business that sells goods and services to customers at a physical location., Mobile - A business that operates at different locations in a specific market., Commercial Area - Real estate intended for use by businesses, such as offices, shopping malls, service stations, and restaurants., Industrial Park - An area zoned for industrial use usually near highways, railroads, airports and ports., Foot Traffic - Describes pedestrian visitors to a business or commercial site., Convenience - Ability to proceed with something with little effort., Lease Agreement - Agreement that one party agrees to pay rent to another party for a certain period of time., Fixed Rate Lease - Tenant pays a fixed agreed upon amount per month for rent., Percentage Lease - Rent is calculated based off a percentage of sales., Triple Net Lease - Tenant pays rent plus 3 other costs. , Layout - The way in which the business arranges merchandise or service areas., Workstation - An area in a business that is set up with equipment for a single worker.,

Ch. 10 Choosing a location

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