What are two types of business services in developing countries?
Business Services in Developing Countries In the global economy, developing countries specialize in two distinctive types of business services: offshore financial services and back-office functions.
What is business services in AP Human Geography?
Business Services. Definition: Services that primarily meet the needs of other businesses, including professional, financial, and transportation services. Example:Banks, trains, public buses. Application: These are essential to our economy because they allow all services to operate.
What two factors contribute to why companies choose to put back-office jobs in LDCs?
What two factors contribute to why companies choose to put back office jobs in LDCs? Consumer services and business services.
What services were offered in early rural settlements?
The earliest settlements provided consumer services, especially as places to bury and honor the dead. Early settlements were also places of education and production of tools. Early public services included governance and protection of dependents.
What are the three types of services?
Services are diversified in three groups; Business services, social services and personal services.
What are the three most common types of services?
There are three main types of services, based on their sector: business services, social services and personal services.
What are typical back office functions?
The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
How does the absence of the rank size distribution in an LDC indicate that there is not enough wealth in the society to pay for a full variety of services?
A regular hierarchy indicates that the society is sufficiently wealthy to justify the provision of goods and services to consumers throughout the country. The absence of the rank size distribution in a developing country indicates that there is not enough wealth in society to pay for a variety of services.
What two types of business services are attracted to LDCs?
Questions from Chapter 12
| Question | Answer |
|---|---|
| A firm that sells its products primarily to consumers ouside its settlement is a… | D) Basic industry |
| The hierarchiacal organization of settlements by size is known as the… | D) Rank-size rule |
| LDCs specialize in what two types of business services? | d) Offshore financial and back office |
Where are consumer & Business Services distributed?
Consumer services generally follow a regular pattern, based on size of settlements. Business services disproportionately cluster in a handful of urban settlements. Services cluster in both rural and urban settlements as a function of market areas, ranges, and thresholds, which are integral to central place theory.
Why are LDCs able to attract back offices?
Typical back office functions processing insurance claims, payroll management, transcription work Why have LDCs been able to attract back offices? Low wages and ability to speak English Basic Industry companies that export to consumers outside settlement
How many MDC workers are in consumer services?
¾ of MDC workers are in services; in LDCs less than ¼ MDCs services generate more than ____of GDP ⅔ The Three types of Services Consumer, Business, and Public Consumer Services provides services to individual customers who desire them and can afford to pay for them; ½ of jobs in US are in consumer services List the 4 types of Consumer Services
How many LDCs are there in the world?
They are highly vulnerable to economic and environmental shocks and have low levels of human assets. There are currently 47 countries on the list of LDCs which is reviewed every three years by the Committee for Development (CDP).
What are the different types of Business Services?
Business Services facilitate the activities of other businesses 3 types of business services Professional services, financial services, transportation/information services Public Services Provide security and protection for citizens and businesses What has increased/decreased in business services between 1975 and 2010?