Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following given information to determine the potential sales psf for the proposed store. New location is 6,500 sf 122,000 households in trade area
Use the following given information to determine the potential sales psf for the proposed store.
New location is 6,500 sf
122,000 households in trade area
Median household disposable income is $35,000 per year
Each household in trade area spends 0.25 percent of its income on auto parts
Trade area has three competing stores with 19,000 sf total
Trade area has net leakage of 20 percent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started