What portion of its automobile customers are coming from

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Assignment: The city of Riverside wants to know how many customers it has attracted in recent years. Riverside is especially interested in its auto dealers. They want to know if they lost or attracted more customers between 1987 and 1992.

For 1987:

Actual retail sales of merchandise: $3,301,000
Per capita expenditures for merchandise: $390.12
Country per capita income: $3457
province/state per capita income: $4266

For 1992:

Actual retail sales of merchandise: $9,341,000
Per capita expenditures for merchandise: $655.51
Country per capita income: $5,539
province/state per capita income: $6,864

A. Find the trade area - what do these numbers mean?

B. Has trade area increased or decreased? Why?

'The City of Riverside wants to know what portion of its automobile customers are coming from outside its boundaries. 'They are interested in knowing if they have improved on their ability to attract outsiders between the years 1987 and 1992

Riverside's population was 6,545 in 1987 and 7,065 in 1992. Its trade area capture for auto sales was 10,446 in 1987 and 17,680 in 1992.

- What do these pull factors mean?

3. Land Markets

1. What is land rent?

Il. What are the uses of land identified by Ricardo?

Reference no: EM133327983

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