An Area That Has Too Few Stores Selling a Specific

question 29

Multiple Choice

An area that has too few stores selling a specific good or service to satisfy the needs of the population is said to be an:

• A) overstored trade area
• B) underpopulated trade area
• C) overpopulated trade area
• D) underutilized trade area
• E) understored trade area

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Definitions:

Unemployment Rate

The fraction of the working-age population that is currently unemployed and looking for a job.

Inflation Rate

The speed at which the overall price level of goods and services increases, leading to a decrease in purchasing power.

Price Index

A measurement that shows how the average price level of a selected set of goods and services has changed over time.

Vertical Axis

The y-axis in a graph or chart, which is typically used to represent the range of one of the variables in the data.