Retail Key Words Flashcards
1
Q
Consumer goods
A
what people buy
2
Q
High order goods
A
bought occasionally, more expensive, also called comparison goods
3
Q
Low order goods
A
bought frequently, cheap, also called convenience goods
4
Q
Threshold population
A
minimum population needed to support a shop (shops that sell high order goods have a high one)
5
Q
Sphere of influence
A
the area people come from to visit a short or area (shops that sell high order goods have a large one)
