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Subject:Market Area Terminology From:Tom Hansen <tomh -at- EXECPC -dot- COM> Date:Tue, 7 Jan 1997 18:10:18 -0600
I'm working on developing a real estate application, and I'm wondering
about some terminology we are using in the system. Thus, I thought
perhaps this would be a good place to post a question.
One area I'm particularly questioning is a feature in which the user
may define markets in which their property listings exist. We have
decided to allow three levels of "nesting" of these market areas,
and are tentatively calling them "Market Regions", "Market
Areas", and "Market Sub-Areas". Typically, "Market
Regions" define broad metropolitan areas, "Market Areas"
define suburbs or municipalities, and "Market Sub-Areas" define
things like zip codes, neigborhoods, etc.
We would like to use somewhat "generic" names, because we
have different users that want to use these market segmentation tables
in different ways. I suppose we could call the tables "Market
Metros", "Market Areas", and "Market Neighborhoods",
but that might be too specific.
Is there any type of standard terminology from the field of market
research, for example, or real estate, that would cover these concepts?
tomh -at- execpc -dot- com
Voice: (414) 297-9791