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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 are the Examples of application of central place theory?
ok firstly i have to apologize for my poor English as i m a not a English speaker. Ok example of application of central place theory is shown in Austrlias, to a certain. Based on the central place theory, There will be one highest order center in a specified area ,providing highest order goods, as well as low order one.In Australia, one highest order centre could be found in different region. For exampla Melbourne in the Victoria area, Sydney in the New South Wales area and Adelaide in the Souther Australia. Moreover , as what the theory suggested, those highest order centers are all surrounded by lower oder centres. All these examples have shown the hierarchy pattern of the Central place theory. However, there are some ideas suggested could not be applied in reality. For example, the theory suggested that consumers would choose the closest center providing what they need in order to minimize the transport cost. However , with growing attractiveness of those high order centres , for example a lot of multi goods shopping centers, people may sometimes bypassed those middle order centers and jump directly to those highest order centers even things they want could also be found in those middle order one. Indeed there are a lot assumption suggested by the theory could not be applied in reality.. but there are still some which could be found in some countries, to a little extent only
Some examples of LEDC?
Some examples of Less Economically Developed Countries (LEDCs) include Afghanistan, Haiti, and Yemen. These countries typically have low GDP per capita, high levels of poverty, limited access to healthcare and education, and underdeveloped infrastructure.
How did people in the south transport their crops and goods?
People in the South primarily used water transportation, such as rivers and steamboats, to transport their crops and goods. Cotton, for example, was often shipped via riverboats to larger markets. Additionally, some goods were transported by wagon or railroads for longer distances within the region.
What are some goods produced in the southern regions?
Some goods produced in southern regions include citrus fruits (such as oranges and lemons), cotton, rice, tobacco, and various types of vegetables. Additionally, southern regions are known for their production of oil and gas.
What are some examples of medium breakfast?
temperature,medium and density
Which type of wave must have a medium in order to travel?
Mechanical waves require a medium in order to travel. These waves propagate by transferring energy through a medium by causing particles in the medium to vibrate. Some examples of mechanical waves include sound waves and seismic waves.
What are some examples of inferior goods?
Spam
What are some examples of economic goods?
Some examples are like house goods. Like almost things you want and things you need but more of things that you cant live without. :)
What is some examples of medium of exchange?
Single Minute Exchange of Dies, SMED International and Small/Medium Enterprise Development
What are the affects the speed of sound?
There are some factors. Examples are temperature,medium and density.
What are some examples of goods that people tend to purchase more of when their income decreases, known as inferior goods?
Some examples of inferior goods that people tend to buy more of when their income decreases include generic brands, public transportation, and fast food.
What are basic goods with reference to economy and some examples of it?
food, clothes, shelter
What are examples of an income?
Pay for goods or services sold, interest earned on deposits and bonds, share dividends are some examples.
What are some examples of some consumer goods?
There are a lot of examples for consumer goods. There are electronics like cellphones, TVs, computer specifically Personal computer, laptop, and notebooks. Also, there are groceries like the food or whatever it may be in the grocery store. Consumer goods are products that are available to the market.
What are some examples of complementary goods that are commonly purchased together?
Some examples of complementary goods that are commonly purchased together include peanut butter and jelly, smartphones and phone cases, and printers and ink cartridges. These goods are often used together or enhance the use of one another.
What are some of Romanias manufactered goods?
Examples: cars, buses, clothes, foods etc.
