true or false The average maximum distance people will be willing to travel to purchase a good or service is referred to as "threshold".

Question

The average maximum distance people will be willing to travel to purchase a good or service is referred to as "threshold". true or false?

1 point

Answer 1

Hi Amliw,

The word threshold has many different denotations and contexts in which it can be used. In this context, it makes sense that it describes the "limit" of how far someone is willing to travel for a good or service. So yes, I would say that the answer to your question is true.