The Jones State Bank is planning to add a branch office on the west side of Edmond,Oklahoma.The bank has discovered that area surrounding the proposed site averages 4 houses per acre and has several subdivisions that each has 300 to 400 homes.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

Population density is the most relevant factor to consider when planning to add a new branch office, as it provides information about the number of potential customers in the area. In this case, knowing that the area has an average of 4 houses per acre and that there are several subdivisions with 300 to 400 homes each gives the bank an idea of the potential customer base for the new branch. Factors such as traffic count, number of retail shops, average age of the local population, and population growth may also be relevant, but population density is the most important consideration.

The Jones State Bank Is Planning to Add a Branch