The service area profile includes key competitively relevant economic, demographic, psychographic (lifestyle), and community health status indicators. Relevant economic indicators may include income distribution, major industries and employers, types of businesses and institutions, economic growth rate, seasonality of businesses, unemployment statistics,
and so on.

Question

Quizplus · Accepted Answer

The statement correctly describes the contents of a service area profile, including economic, demographic, psychographic, and health status indicators. Relevant economic indicators, as listed, can help businesses understand the local market and competition.

The Service Area Profile Includes Key Competitively Relevant Economic, Demographic