answersLogoWhite

0

every shopping centre or service has its own threshold population. This is the minimum number of people who are in the market area to make the shop profitable.

A Porsche show room has a very large threshold population. This is because not many people in any area buy many cars.

A sweet shop has a small market area because people buy sweets and newspapers regularly, so the shop can make a profit with a fairly small threshold population.

The range of a shop is the distance people are prepared to travel to visit a shop.

Porsche buyers have a long range because people do not but Porsche's very often so they are prepared to travel a long distance. The sweet shop has a much smaller range as people will not travel a great distance to but a newspaper.

Hope this helps!

J

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
BeauBeau
You're doing better than you think!
Chat with Beau

Add your answer:

Earn +20 pts
Q: What are threshold and range?
Write your answer...
Submit
Still have questions?
magnify glass
imp