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Aleks [24]
3 years ago
13

Allen and Lewis are friends who each recently purchased real estate. Allen purchased a patio home in a small town an hour from t

he city, while Lewis purchased a condo in a really hot area near the city center. Although they paid similar amounts for their properties, Lewis’ condo is worth much more two years later. Which economic characteristic does this demonstrate?
Business
2 answers:
monitta3 years ago
6 0

Answer:

area preference

Explanation:

The mantra to real estate success is "location, location, location". This basically refers to area preference or situs, which means that people like some places more than others. Since real estate cannot be moved, the place where a house (or any other building) is located greatly determines its value. E.g. a beach front condo in South Beach is worth more than a physically similar condo in Jacksonville.

Dima020 [189]3 years ago
4 0

Answer: Area preference.

Explanation:

According to the question although the initial value of both Allen and Lewis property were similar, the siting of Lewis' condo makes it more valuable than Allen's, because it is closer to the city center. Therefore the economic characteristic at play in the question is that of area of preference, that's what separate the value of both properties.

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Answer:

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Explanation:

As the restaurant is famous and serves the Mexican cuisine, it needs data that will provide information about the interests of people in Mexican Cuisine.

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3 years ago
As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do
Vera_Pavlovna [14]

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7 0
4 years ago
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Answer:

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Explanation:

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3 years ago
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