Buying Power Index

Buying Power Index

Assessment

Interactive Video

Business

University

Hard

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The video tutorial explains the concept of Buying Power Index, a tool used by retailers to assess the purchasing power of a geographic area. It highlights the importance of location in retail and how the index is based on factors like population, effective buying income, and retail sales. The Buying Power Index helps retailers strategically decide where to open new stores by indicating areas with high purchasing potential.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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