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What is high low middle order goods?
High-order goods refer to expensive and luxurious items, while low-order goods are basic, everyday products. Middle-order goods fall in between these two categories in terms of price point and quality.
Give example of High-order goods and services and low order goods and services?
exaples of high ordered goodds would be furniture, heath care centers, malls, electrial goods, ect. examples of low orded goods would be bread, hairstylist, newspapers, schools, ect.
Where would you buy high order goods?
You would buy high order goods like TVs computers and furniture from a retail park Youw ould buy low order goods from the corner shop or conveinience store
What are soem examples of low order goods?
Post office is the only one i could find
Why were houses in early villages built so close together?
Because they are low-order goods and services
What are high order goods?
high order goods - expensive goods that are not brought often.
What are the differences between low-order medium-order and high-order goods and services?
There are many differences between low-order products, middle-order products and high-order products. Low-order products are products that are frequently purchased and are inexpensive. For example, a convenience store sells low-order products such as candy bars, newspapers, milk, bread, and lottery tickets. Middle-order products are time-to-time items that are purchased but not as frequently as low-order products. They are items such as compact disks, calculators, or most clothing items. These items are considered a bit pricier. High-order products are the most expensive items or have a limited market and are hardly purchased. Some examples of these would be rock climbing equipment, specialized books, live theatre and multi-screen movie theatres. It is said that stores selling these products need to have a threshold population of tens of thousands.
What is a shopping heirarchy?
Shops can be placed into a hierarchy based on the services they provide. At the bottom of the hierarchy are small shops selling low order, convenience goods (e.g. bread and milk). At the top are the shops selling high order goods (e.g. furniture and electrical goods). found in :http://www.geography.learnontheinternet.co.uk/topics/hierarchy.html#hierarchy
What are some examples of Medium order goods?
Clothes, Shoes, Cosmetics, Small Hardware and Domestic Appliances, Supermarkets, Books, Confectioners, Building Society, Travel Agent, Night Club, Electricity and Gas Showroom, Restaurants, Cinema, Video Rental etc..
Why was the supply of the British goods limited prior to 1814?
American goods were made of superior quality, and the demand for British goods was low.
Which of the following best explains the profit motive?
Minimize costs and maximize revenue.APEXXthe desire to make money through the production of goods and servicesThe desire to make money through the production of goods and servicesa. The incentive to buy at a low price in order to be able to sell at a higher price.b. The desire to make money through the production of goods and services.c. The decision to allow market forces to decide on the price of goods and services.d. The motivation to work hard at a job in order to buy more goods and services.B.
Why did inflation occur after the war?
a low supply of goods and widespread demand
