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Free Online Flashcard Deck

3 Location of Services Free Online FlashCards

Study 3 Location of Services with 12 free online flashcards. Review key terms, definitions, and concepts with this interactive flashcard deck.

12 cards
01
Front

What distinguishes services from physical-goods production?

Back

Services are activities that meet people’s needs or support other organizations rather than producing physical goods.

02
Front

What does market access mean for a service business?

Back

Market access is how easily a business can reach customers and how easily customers can reach it.

03
Front

What is a service’s market area?

Back

A market area, or catchment area, is the territory from which a service attracts customers.

04
Front

How does service-use frequency affect customers’ willingness to travel?

Back

People often travel farther for less frequent services, such as specialist medical care, than for services they use often.

05
Front

Why can larger settlements serve nearby communities?

Back

Larger settlements combine a bigger customer base with better connections, allowing them to serve surrounding communities.

06
Front

What does centrality describe?

Back

Centrality is a place’s importance as a service centre in relation to its surrounding area.

07
Front

Why is centrality not the same as being geographically central?

Back

Centrality is not simply geographic position: a well-connected settlement can be a more important service hub than one nearer the region’s midpoint.

08
Front

How does the hierarchy of service centres typically vary by settlement size?

Back

Small settlements commonly provide routine local services, towns serve wider hinterlands, and major cities offer specialized services to broad client bases.

09
Front

What are examples of advanced business services?

Back

They include finance, law, management consulting, advertising, engineering, and information technology.

10
Front

Why do advanced business services often favor large cities?

Back

Large cities offer potential clients, skilled workers, specialized suppliers, strong transport links, and opportunities for professional interaction.

11
Front

What are agglomeration economies?

Back

Agglomeration economies are advantages businesses gain by locating near other firms, workers, and customers.

12
Front

What benefits can firms gain from clustering?

Back

Proximity can provide access to specialized skills and inputs, knowledge exchange, and easier coordination.