What Is a Catchment Area

question 5

Multiple Choice

What is a catchment area?

• A)The area of a firm's customers as defined by traditional county lines
• B)The area a firm's customers shops due to idiosyncratic reasons
• C)The area a firm operates in which it has no competition
• D)The area where a firms customer will go to shop in the event the firm were to raise prices
• E)The contiguous area from which a firm draws most of its customers

---

Definitions:

Idea

A thought or suggestion as to a possible course of action, plan, or concept.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact, often involving the manipulation and control of variables.

B2B Products

Goods and services marketed and sold from one business to another, not directly to consumers.

Business Products

Goods and services that are purchased by organizations for use in the production of other goods and services, for resale, or for general business operations.