Techniques That Use Secondary Data to Select the Best Location

question 20

Short Answer

Techniques that use secondary data to select the best location for a retail or wholesale operation are called ____________________ techniques.

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Definitions:

Books

Published works consisting of written, printed, or blank pages fastened together and bound in covers.

Normative Statements

Statements that express opinions about how the world ought to be, involving subjective judgments or prescriptions for economic policies.

Normative Statements

Normative statements express opinions or judgments about what ought to be and are not based on empirical evidence.

Economists

Professionals who study the distribution, production, and consumption of goods and services by analyzing economic data, developing theories, and evaluating economic policies.