Describe Three Fields in the Public Sector That Utilize Geospatial

question 10

Essay

Describe three fields in the public sector that utilize geospatial technology.

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Definitions:

Break-even Analysis

A calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, marking the no-profit, no-loss situation.

Price Sensitivity

The degree to which the price of a product affects consumers' purchasing decisions, often influenced by their perception of value and disposable income.

Price Sensitive

Describes consumers or markets that are highly responsive to changes in the price of goods or services.

Underpricing

Charging someone less than they are willing to pay.