12 Flashcardziz

Front

What are the three types of services? Give an example of each: Transportation, Education, Healthcare; Retail, Education, Finance; Personal, Business, Public; Manufacturing, Agriculture, Mining.

Back

Personal, Business, Public

Front

What is a central place?

Back

A market center for the exchange of goods and services

Front

What is a market area?

Back

An area surrounding a service from which customers are attracted.

Front

What is the rank-size rule? What is the primate city rule?

Back

Rank-size rule: The largest city is twice the size of the second largest; Primate city rule: The largest city is more than twice the size of the second largest.

Front

How do factors determining location of services differ from those determining the location of manufacturing (factories)? Options: Services are located based on labor costs; Manufacturing is based on transportation costs, Services are located based on customer accessibility; Manufacturing is based on resource availability, Services are located based on government incentives; Manufacturing is based on market size, Services are located based on climate; Manufacturing is based on technology

Back

Services are located based on customer accessibility; Manufacturing is based on resource availability

Front

What are the four steps stores use to determine the profitability of a location? Options: Market analysis, Site selection, Cost estimation, Profit calculation; Customer survey, Competitor analysis, Location scouting, Financial planning; Site selection, Market area analysis, Demand estimation, Profitability assessment; Demographic study, Traffic analysis, Lease negotiation, Sales forecasting

Back

Site selection, Market area analysis, Demand estimation, Profitability assessment

Front

What types of business services do developing countries tend to specialize in? Why?

Back

Outsourcing services, due to lower labor costs

Front

What is a basic business?

Back

A business that provides services to the local community.

Front

What is a non-basic business?

Back

A business that serves customers outside the local area

Front

Which of the following is an example of a city that specializes in specific services? New York City, Springfield, Smallville, Metropolis

Back

New York City