Service

Isaiah Bennett p.1 4/29/13 Ch. 12 K.I 3 I Central Place Theory Central Place theory Helps to explain how the most profitable location can be idfentified Central Place Is a market center for the exchange of goods and services by people attracted from the surrounding area Central places compete against each other to serve as markets for goods and services for the surrounding region b. Market Area of a Service Market area or Hinterland The area surrounding a service from which customers are attracted A market area is good example of a nodal region The closer to the periphery of the circle, the greater is the percentage of the circle, the greater is the percentage of consumers who will choose to obtain services from other nodes c. Size of Market Area