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WHAT ARE THE MPORTANCE OF Geographical concentration IN A BUSINESS

WHAT ARE THE MPORTANCE OF Geographical concentration IN A BUSINESS

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Business geographics is a field in business that uses geographic techniques and tools to accomplish the tasks important to the world of business, marketing.
The most commonly used tool of geography that is used in business geographics is mapping. It is the use of Geographic Information Systems.
The following are the various applications of Business Geographics:
- Identifying Markets
- Determining if a Service is Needed
- Identifying other Services in the Same Area
- Analyzing the Sales
- Formulating the Marketing Plans
Many Business locations are affected by a wide range of natural advantages. About 20 percent of observed geographic concentration can be explained by a smal set of advantages.
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