The Primary Benefit of Geodemography Is

question 10

Multiple Choice

The primary benefit of geodemography is:

• A) demographic information may be detailed down to census blocks
• B) demographic information is available on all standard geographical areas (whether relevant to the application or not)
• C) demographic information is available on arbitrarily (i.e., area relevant to the application) defined geographical areas
• D) demographic forecasts may be made quickly and accurately
• E) demographic data are available in increments as small as millimeters

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Definitions:

Smaller Buckets

A term used in project management and process optimization, referring to breaking down tasks or storage needs into smaller, more manageable units.

Lot-For-Lot Ordering

A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.

MRP Plan

Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.

Gross Requirements

The total demand for an item, inclusive of direct and indirect requirements, before any adjustments for on-hand inventory or scheduled receipts.