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 a 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 people or resources needed for a business or service to be viable or profitable. In the case of a department store, a certain number of people living within a certain radius is necessary to generate enough foot traffic and sales to be successful. Option C is the only one that directly relates to this concept.

Which of the Following Is Most Relevant to the Concept