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Chapter 8 Vocab

AB
E-commerceconsisting of buying and selling products or services over the Internet
Enterprise zonesareas that suffer from lack of employment opportunities
Gross leasea contract stating that the tenant pays rent each month for the space occupied and the landlord covers all property expenses for that space
Industrial parksection of land that is zoned for industrial businesses only; usually located where space is less expensive
Inventorythe products and the materials needed to make the products that a business sells to its customers
Landlordperson who owns and rents out buildings or space
Net leasea contract stating that the landlord pays building insurance and the tenant pays rent
Percentage leasea contract stating that the tenant pays a base rent each month and the landlord receives a percentage of the tenant’s revenue each month
Quotean estimate for how much a business will pay for merchandise or service
Reorder pointpredetermined level of inventory that signals when new stock should be ordered
Tenantperson who pays rent to occupy space owned by someone else
Trade areaarea from which a business expects to attract customers
Vendorscompanies that sell products and services to businesses
Visual merchandisingthe process of combining products


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