According to the Bid-Rent Model, Which of the Following Changes

question 14

Multiple Choice

According to the bid-rent model, which of the following changes in the model's underlying assumptions would most likely result in a decrease in rents for properties closest to the central business district (CBD) ?

• A) An increase in an individual's hourly wage
• B) An increase in the average traveling speed of the individual's commute
• C) An increase in the number of households attempting to live in the area
• D) An increase in the number of days an individual must commute to work

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Definitions:

Environmental Scanning

The continuous process of gathering information about external influences and trends to identify opportunities and threats affecting an organization.

Environmental Forces

External factors such as social, political, ecological, and legal aspects that affect an organization's decisions and performance.

Geek Squad

A service subsidiary of Best Buy, providing computer-related services and support, including repairs, installations, and consultations.

Best Buy

A leading retailer specializing in electronics and technology products and services.