When Using the ___________ Approach,the Retailer Simply Describes the Site

question 85

Multiple Choice

When using the ___________ approach,the retailer simply describes the site and trade area characteristics for its most successful stores and attempts to find a site with similar characteristics.

• A)Huff Gravity Model
• B)regression model
• C)analog model
• D)location model
• E)cumulative attraction model

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Definitions:

Accounting Equation

The fundamental formula in accounting that states assets equal liabilities plus equity (Assets = Liabilities + Equity).

Owner's Equity

The net worth of an owner in a company, calculated as the difference between the company's assets and liabilities.

Liabilities

Financial obligations or debts of a business that are due to be paid to creditors in the future.

Accounting Equation

The foundational principle in accounting that states assets equal liabilities plus shareholders' equity.