Question

What are the three main methods for the principles of normative trade and service area techniques?

a) Comparative Analysis
b) Cost-Benefit Analysis
c) Market Research
d) All of the above

Answer 1

The three main methods for the principles of normative trade and service area techniques are comparative analysis, cost-benefit analysis, and market research.

Step-by-step explanation:

The three main methods for the principles of normative trade and service area techniques are:

1. Comparative Analysis: This method involves comparing different options or situations to determine which one is the best choice. It helps to identify the advantages and disadvantages of each option and make informed decisions.
2. Cost-Benefit Analysis: This method involves weighing the costs and benefits of a decision or action. It helps determine whether the benefits outweigh the costs or vice versa.
3. Market Research: This method involves gathering information about the market to understand customer needs, preferences, and trends. It helps businesses make informed decisions about trade and service areas.

Therefore, the correct answer is d) All of the above.