Java Games: Flashcards, matching, concentration, and word search.

Virtual Business Restaurant - Lesson 2: Location Selection

AB
zoningthe city's plan for land use and the accompanying rules and regulations that enforce that use
draw areahow far your customers will go to get to your location
pedestrian trafficthe number of people walking in the area of your restaurant
trade radiusalso known as "draw area"
Chamber of Commercea local or regional public economic development organization that helps promote local businesses
shopa process that involves visiting some of your competitors to analyze their operations and guess at their profit
trafficthe number of vehicles or pedestrians passing by your restaurant
mean incomethe average income of a resident of an area, calculated by dividing the total income of all residents by the total number of residents
median incomethe level of income in an area, above which half the residents fall and below which half the residents fall
leasea contract that allows you to use another person's property by paying rent
return on investment (ROI)what your restaurant earns back after your investment and all costs of doing business
municipal servicesutilities (gas, electricity), trash collection, water and sewer, fire hydrants, and protection by police and the fire department


Cedar Crest High School

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