After today's formative FRQ on development AND the formative Vocabulary Quiz...
We will continue to look at Industry and Services, shifting to emphasis on services.
We will look at some franchises to understand some of the decision-making behind WHY they choose to locate a business in a specific geographic location.
We will look at Hotelling's Model of Spatial Competition... and we will look at Central Place Theory to help understand WHY consumer businesses choose to locate where they do and why they have to be careful with where they choose to open a business based on range (how far away their customers will travel) and threshold (how many customers they need to be profitable).
We will examine these theories and models by looking at Buffalo Wild Wings franchise and think about where we should hypothetically locate one in Singapore. There is a document in your APHG Drop folder for this.
Exit ticket: #myfreedomday -- raising awareness about modern day slavery & human trafficking
What does "freedom" mean to you? How do you feel about modern-day slavery and human trafficking? Post your message (photo or video) to the world. #myfreedomday
HW: Study for Formative MCQ - Next Class!
You will take a formative MCQ next class. Here are the hints to help you study!
Formative MCQ Hints