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Which of the following BEST describes the connection between range and threshold of any particular business?
Range deals with the maximum distance that people are willing to travel for a good or service whereas threshold is the minimum number of people needed for that business to survive.
Threshold deals with the maximum distance that people are willing to travel for a good or service whereas range deals with the minimum number of people needed for that business to survive.
Range is the distance away from a central city that depends upon the core city for its economic livelihood. Threshold shows the connection in transportation systems for customer access.
Threshold describes the range of the maximum number of consumers needed for the business to survive despite the lack of transportation opportunities.
Range and threshold are not connected due to the amount of people needed to gain access to employment in an area.