The Jones State Bank is planning to add a branch office on the west side of Edmond,Oklahoma.Growth of new homes in the area has averaged 15% per year over the last five years and is expected to continue at that rate in the future.Which factor would this address when considering whether to add a new branch?
A)Traffic count
B)Number of retail shops
C)Average age of the local population
D)Population Density
E)Population Growth

Question

Quizplus · Accepted Answer

The growth rate of new homes in the area is a strong indicator of population growth, which is a crucial factor to consider when planning to open a new branch office. Thus, population growth is the best choice to address when considering whether to add a new branch.

The Jones State Bank Is Planning to Add a Branch