chapter 12 Flashcards
an activity that fulfills a human want or need and returns money to the provider of that service.
service
three types of service
consumer, business, public
what is the one thing service needs to have
pay!
Principal purpose is to provide services to individual consumers who desire them and can afford to pay for them.
consumer services
four main types of consumer services
1)Retail and wholesale services
2)Education services
3)Health and social services
4)Leisure and hospitality
what is the fastest growing type of consumer service
health and social services
Principal purpose is to facilitate other businesses
Business services
three main types of business services
professional serivces
financial services (FIRE)
transportation services
what does FIRE stand for
fincail, insurance, real estate
Purpose is to provide security and protection for citizens and businesses
Public services
permanent collection of buildings where people reside, work, and obtain services.
Settlement
helps to explain how the most profitable location can be identified.
Central Place Theory-
who made the cental place theory
walter chirstaller
a market center for the exchange of goods and services by people attracted from the surrounding area
Central Place
the area surrounding a service from which customers are attracted
Market Area/ Hinterland-
what type of region is a maret area
nodal region
maximum distance people are willing to travel to use a service
Range