You are the CEO of a national apparel retail chain and want to add three new stores. Which of the following tools will best help you find the most potentially profitable new locations?
A) Pivot tables
B) Sensitivity analysis
C) GIS
D) Location analytics
E) Intelligent agent

Question

Quizplus · Accepted Answer

GIS (Geographic Information System) is designed to capture, store, analyze, manage, and present spatial or geographic data. This tool can help the retailer to evaluate and analyze potential locations based on demographics, competition, foot traffic, and other factors that can affect sales. With GIS, the CEO can map out the potential new locations and conduct a spatial analysis to help identify the locations that may be the most profitable.

You Are the CEO of a National Apparel Retail Chain