12 Quizziz

What are the three types of services? Give an example of each.

• Transportation, Education, Healthcare

• Retail, Education, Finance

• Personal, Business, Public

• Manufacturing, Agriculture, Mining

What is a central place?

• A location where goods are manufactured

• A market center for the exchange of goods and services

• A place where government offices are located

• A residential area with high population density

What is a market area?

• A region where agricultural activities are predominant

• An area surrounding a service from which customers are attracted

• A place where industrial activities are concentrated

• A zone designated for residential development

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

• 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

• Rank-size rule: Cities are ranked by population; Primate city rule: Cities are ranked by area

• Rank-size rule: The largest city is the capital; Primate city rule: The largest city is the economic center

• Rank-size rule: Cities are ranked by GDP; Primate city rule: Cities are ranked by population density

How do factors determining location of services differ from those determining the location of manufacturing (factories)?

• 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

What are the four steps stores use to determine the profitability of a location?

• 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

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

• Financial services, due to high investment rates

• Manufacturing services, due to abundant resources

• Outsourcing services, due to lower labor costs

• Retail services, due to large consumer markets

What is a basic business?

• A business that provides services to the local community

• A business that exports goods internationally

• A business that operates only online

• A business that focuses on luxury products

What is a non-basic business?

• A business that serves customers outside the local area

• A business that only serves local customers

• A business that is not profitable

• A business that operates seasonally

Which of the following is an example of a city that specializes in specific services?

• New York City

• Springfield

• Smallville

• Metropolis