GGR252H1 Study Guide - Final Guide: Costco, Distance Matrix, Good Entertainment
Document Summary
First law of geography: distance decay: the amount of interaction decreases with distance relative to the source. Western retailers: most western retailers are big box stores because they have little competition buy product and stock all over the world. This is completely different from eastern retailers which buy. International retailers: movers and shapers of the world economy: western retailers have more power which help them penetrate the asian / chinese market, asian retailers: starting to adopt the supermaket style which have provided promising results. Public sectors serve as large ove a population with the smallest costs. Chapter 2: spatial concepts and the value of geographical perspective. Small shifts in income demographic, lifestyle and competition can lead to rapid and large changes in structure of retail environment. Walmart/ costco / bestbuy they changed the market dramatically. Some groups markets needed to cluster to attract a specific set of consumers: galleries/ antiques etc.
