(UR) Retail services Flashcards
convenience goods
less expensive items that customers buy regularly
comparison goods
more expensive items that customers buy less often
range
the distance that a consumer is willing to travel to purchase a particular product
threshold
the minimum number of customers needed by a shop
catchment
the area from which a shop gets its customers
changes to retail over time and why (4 things)
- number of independent shops has declined, bigger shops offering cheaper products open more frequently
- large supermarket chains increase as they attract a lot of people due to having a larger catchment area/are more convenient as they have more products in one place
- online shops have increased as the internet developed
- out of town centres increase as (public) transport/roads develop
how have CBDs tried to attract customers back? (8 things)
planting trees/flowers - makes the environment more attractive
cheaper parking - people can afford to visit more often
benches - provide a place to rest while shopping
market stalls - encourages local businesses
signs - so people can find places
pedestrianise areas - so people feel safer
public transport/bike racks - people can access the area easier
christmas events - people visit in less popular seasons