Corporations often place grocery stores, gas stations, and department stores in particular locations throughout a city based on demographics and accessibility. Think about the area you live in. Judging from the people you know and see, make a list of your neighborhood’s demographics including: types of stores around your area, including the goods and services they provide the ethnic make up of your community and whether your neighborhood is growing or becoming smaller.

Demographic and lifestyle data about your trade area can give you a starting point for an Interpretation of demographic data is often missing in market analysis.Big box stores are particularly popular for middle and low-income households.Answer:

Explanation:

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suchetasVT suchetasVT · Answer 2 · 2022-04-22T15:01:03+02:00

Demographic and lifestyle data about your business location can give you a starting point for interpreting demographic data that is usually not available in market analysis.

What do you mean by demographics?

Demographics is a statistical study of people, especially people.

Demographic analysis can include all communities or groups defined by factors such as education, nationality, religion, and race.

Thus, The first step in determining where a business can be found is deciding which regions of the country are experiencing growth. Big box stores are particularly popular for middle and low-income households.

To learn more about demographics, refer:

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