Which of the following is most relevant to the concept of threshold?
A) A department store has more than 50 employees
B) A survey reveals that people are prepared to drive 30 minutes to get to a department store
C) A department store typically needs roughly 25,000 people living within a 15-minute radius
D) A department store only carries female products
E) A drugstore has a loyalty card that is extremely generous

Question

Quizplus · Accepted Answer

Threshold refers to the minimum number of customers or level of demand required for a business to be successful or profitable. Therefore, the concept of threshold is most relevant to the idea that a department store typically needs roughly 25,000 people living within a 15-minute radius to ensure profitability.

Which of the Following Is Most Relevant to the Concept