Short Answer
a.Using Reilly's law,compute the point of indifference when the population of city A equals 10,000,the population of city B equals 90,000,and the distance between A and B equals 30 miles.
b.Three shopping locations have 1,000,1,500,and 3,000 square feet of space devoted to personal computer books.A group of potential customers live 7 minutes from the first location,10 minutes from the second location,and 15 minutes from the third location.A retailer estimates the effect of travel time to be 2.Compute the probability of consumers shopping at each location using Huff's law.
Correct Answer:

Answered by ExamLex AI
a. Reilly's Law of Retail Gravitation is...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Answered by ExamLex AI
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q65: Data on the economic base of an
Q66: Assume that there are three shopping locations
Q67: What kind of data on population characteristics
Q68: Three shopping locations devote 500,1,000,and 2,000 square
Q69: A trading area can best be defined
Q71: a.Explain how a supermarket retailer can estimate
Q72: A retailer with a higher than average
Q73: The most widely dispersed group of customers
Q74: The point of indifference between two cities
Q75: A retailer should concentrate the bulk of