GGR252H5 Study Guide - Voronoi Diagram, Demand Curve, Cost Curve
Document Summary
Spatial definition of the market (demand & cost curve, bid rent) Distance further you are away from a store, the less likely youre going to go to that storee. Accessibility how to get there, follow pre-determined route. Attraction consumers purchase things in a specific store, depending on how attractive the store is. Demand curve: price/unit sold higher the price of the product, the less likely you are the sell it, price+ travel costs/unit sold combine price of product and cost of transportation. Fixed (rent, insurance, mortgage things that cannot fluctuate in cost) and variable cost (varies depending on volume of sales). Performance of the jobs part time work don"t get benefits and vacation time in retail economy. Seasonal jobs depend for employees time of day and part time workers. January 28, 2013: % of selling price to overheads. Alternating cost curve: fixed costs to variable costs.
