Mr. Sammie has now decided to expand his food truck business. Based on the information in the chart below, what Region will be best to expand into? Why?
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Answer:
SouthEast region
Step-by-step explanation:
#We need to find the truck density per region to be able to determine the most viable region for business:
[tex]Density=\frac{mass}{Area}\\\\d_{NW}=\frac{320}{10972}=0.0293\ truck/sq \ mi\\\\d_{NE}=\frac{400}{9485}=0.0422\ truck/ sq \ mi\\\\d_{C}=\frac{480}{11645}=0.0412\ truck/sq \ mi\\\\d_{SW}=\frac{515}{11589}=0.0444 \ truck/sq \ mi\\\\d_{SE}=\frac{250}{9933}=0.0252 \ truck/sq \ mi[/tex]
SouthEast region has the lowest density of 0.0252 truck/sq mi hence the best region for expansion.
-A low food truck density is an indicator of a relatively low competition hence existance of a large market share yet to be dominated.