Author: lfsanek

RANGE RETOTD Episode 00301

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RANGE The maximum distance consumers are willing to travel to purchase a good or service from a given establishment or location. Hence, the boundary or outer limits of the market area circumscribed about a location at which a good or…

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QUALIFIED PLAN RETOTD Episode 00300

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QUALIFIED PLAN Any employee benefit plan that is qualified by the IRS as a tax-exempt plan. Among other requirements, the plan’s assets must be placed in trust for the sole benefit of the employees covered by the plan.

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NEIGHBORHOOD CENTER RETOTD Episode 00290

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NEIGHBORHOOD CENTER This center is designed to provide convenience shopping for the day-to-day needs of consumers in the immediate neighborhood. According to ICSC’s SCORE publication, a supermarket anchors half of these centers, while about a third have a drugstore anchor.…

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MARGINAL LAND RETOTD Episode 00286

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MARGINAL LAND Land whose value has been diminished due to some internal defect or external condition. In most cases, the cost to correct the flaw or condition is as much or more than the expected return from the property.

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