Which of the Following Statements Does Not Describe the Appropriate

question 48

Multiple Choice

Which of the following statements does not describe the appropriate use of different approaches for site selection?

• A) Large retailers often use the Huff Gravity Model to estimate potential sales for a store site before site selection.
• B) Regression analysis can consider the effects of wide range of factors affecting sales in stores.
• C) The regression analysis is appropriate for small chains to find the best location.
• D) Using the analog approach, the retailer describes the site and trade area characteristics for its most successful stores and attempts to find a site with similar characteristics.
• E) The analog approach is not recommended for large chain stores like Walmart.

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Definitions:

Marginal Benefit

The bonus satisfaction or benefit gained by consuming one more unit of a good or service.

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.

Street Cleanings

Municipality-provided services that remove dirt, litter, and debris from roads and public spaces to maintain cleanliness and sanitation.

Increases

Situations where there is a rise in the level, amount, or number of a certain variable or condition.