Entrepreneurship: Chapter 8 Ideas In Action 5e

e-commerce

electronic commerce consisting of buying and selling products or services over the Internet.

enterprise zones

areas that suffer from lack of employment opportunities

gross lease

a contract stating that the tenant pays rent each month for the space occupied and the landlord covers all property expenses for that space

industrial park

section of land that is zoned for industrial businesses only; usually located where space is less expensive, away from housing developments and downtown areas

inventory

the products and the materials needed to make the products that a business sells to its cusotmers

landlord

person who owns and rents out buildings or space

net lease

a contract stating that the landlord pays building insurance and the tenant pays rent, taxes, and any other expenses

percentage lease

a contract stating that the tenant pays a base rent each month and the landlord receives a percentage of the tenant's revenue each month

quote

an estimate for how much a business will pay for merchandise or service

reorder point

predetermined level of inventory that signals when new stock should be ordered

tenant

person who pays rent to occupy space owned by someone else

trade area

area from which a business expects to attract customers

vendors

companies that sell products and services to businesses

visual merchandising

the process of combining products, environments, and space into an appealing display to encourage the sale of products or services

downtown areas (location)

represents and easily accessible central location where workers from downtown offices and professional businesses may shop

neighborhood shopping centers

strip malls that consist of 3 to 15 stores

community shopping centers

serve residents from many neighborhoods (examples are Walmart, Target, Public, Food Lion)

regional shopping centers

designed to attract customers from an entire region

super-region shopping centers

largest classification of shopping centers that house more than 100 stores

stand-alone stores

depend on drive-by traffic and can be found located outside of shopping centers or far away businesses