Geog 1.2
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17 Terms
Retailing
The buying and selling of goods/services
Goods
Something that is bought or sold
Catchment area
The area of which a shops customers come
Range
The distance people are prepares to travel for a good
Threshold population
The number of customers needed to keep a shop open
Bulk buy
Buy lots of the same type of good to save money
High-order goods / Comparison goods
Expensive goods bought infrequently
Low-order goods
Inexpensive, everyday goods that are bought frequently
Pedestrianised
An area from which vehicles are banned
Passing trade
Trade from people passing by a shop
Flagship Store
A large well-known store that often acts as a magnet to pull in shoppers to a local area
Chain store
A store with branches in more than one town
Benefits of shopping online
Huge variety of choice
Convenient, 24/7 service
Drawbacks of shopping online
Can take several days for goods to arrive
Can take business away from town center shops
Benefits of large out-of-town shopping malls
Free parking
Close to main roads so a shorter journey
Drawbacks of large out-of-town shopping malls
Less choice than online/CBD
Difficult to access for no drivers
CBD
Central business district