Site Selection Theories | |
Central Place Systems | It is based on a single center and a flat land. Consumers choose the shortest distance and shop with a single purpose. |
Bid Rent Theory | Companies can pay higher rents and increase the value of the land to attract more customers and increase competition. |
Retail Gravitation | Two big cities attract the trade from a small town to themselves. |
Multipurpose Shopping and Retail Agglomeration | A theory showing that customers can prefer longer distances in order to find the product or service they are looking for. Consumers also go out for multipurpose shopping. |
Spatial Interaction and Competing Destinations | It states that retail locations and their environments attract customers and affect their choices. |