Finals: Significance Flashcards

1
Q

4 Important Aspects under Economic Significance in transportation

A
  1. Large-Scale Production
  2. Increased Competition
  3. Increased Market Share
  4. Increased Land Value
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2
Q

Consulting stakeholders

A

Public Consultation

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3
Q

Consulting in court; formality

A

Public Hearing

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4
Q

It is the ceiling price by the court

A

Market Value of the Property

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5
Q

3 ways customers get the tourist product

A
  1. Direct
  2. Intermediaries
  3. Through multiple intermediaries
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6
Q

Without this, time and other resources may lead to lost profit

A

Back Tracking

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7
Q

Unintended consequences but also an indication of growing economy

A

Congestion

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8
Q

Types of Zones in Cities

A

Residential
Commercial
Industrial
(Agricultural, in provinces)

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9
Q

When business of the same type are grouped in the same area

A

Business Cluster

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