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What is location analysis?

What is location analysis?

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What is location analysis?

What is location analysis?

Answer

Location analysis is the act of studying a particular group of people or a target market based on their location.
For example, if you want to promote a luxury product, you can't promote it in a place with only a few rich people.
You have to promote it in a place where there are people who can afford it.
Another example is if you want to put a supermarket intended to service students.
You have to put it somewhere in the middle of a university or school infested area.
Location analysis is all about knowing your target market based on their location

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 8 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 317 views.

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