Retail Services Flashcards
0
Q
What are low order goods?
A
Goods that are bought frequently and are usually quite cheap eg. milk, bread and newspapers.
1
Q
What are high order goods?
A
Goods that are only bought occasionally and are usually more expensive eg. clothes, furniture and cars.
2
Q
What is the threshold population?
A
The minimum population needed to support a shop.
3
Q
What is the sphere of influence?
A
The area that people come from to visit a shop or an area.
