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Words: | Submitted: Mon Sep 15 2003
... of potential customers to make a profit. The number of people required to make a business profitable is called the threshold population. The higher the order of good or service, the higher the required threshold population. People travel to obtain goods and services - the distance they travel can be mapped. It is called the sphere of influence. The outer edge or range is the furthest distance people are prepared to travel. The greater the order, the larger the sphere of influence. Aim: The main purpose of this coursework is to measure and compare the catchment areas of two retail shops of different orders. This coursework will be focus on the following five stresses: 1. Is there a pattern on the spheres of influence between high order shops and low order shop? 2. What is the main reason that motivates people to go to a shop? 3. Does the type of shops affect the frequency of ...
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