The Two Components of Central Place Theory Are

question 12

Multiple Choice

The two components of central place theory are

• A) range and rank-size rule.
• B) rank-size rule and threshold.
• C) threshold and market share.
• D) market share and range.
• E) range and threshold.

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Definitions:

Scenario Planning

A strategic planning method that organizations use to envision different future scenarios and develop plans to effectively respond to potential challenges and opportunities.

Judgmental Forecasts

Predictions about future events or trends based on subjective judgments, insights, and opinions, rather than on quantitative data.

Internal Environment

Refers to factors within an organization that impact its operations and culture, including its employees, management, corporate culture, and internal processes.

Focus Group

A qualitative research method involving guided discussions among a small group of people to gather opinions and attitudes about a specific product, service, concept, or policy.