Thanks for help ! Using an appropriate example, explain the purpose and importance of using theLocation Quotient (LQ) technique in assessing the state of the regional economy.Evaluate and justify the LQ values for each economic sector between District iand State j, as shown in Table 1 below:Economic SectorServicesManufacturingTotal EmploymentNational EmploymentinIndustry I in Year TTotal NationalEmploymentin Year TTable 1: Location Quotient for District i and State jEmployment Number (000¹) LQ 2030 Categorization LQ 2020District iState j20302020 20302020 203039449711562115140106212 255LocationQuotient4584=Regional EmploymentinIndustry I in Year TTotal RegionalEmploymentin Year T??1????Categoriza2020??

The Location Quotient (LQ) is a measure of the concentration of a particular industry, cluster,…

Answered: Using an appropriate example, explain…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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a. You are given the following information for the Limassol District: Population 2020 Population growth rate 2021 Population growth rate 2022 Average household size 2020 Average household size 2021-2022 Total housing stock 2020 Number of housing units in building permits that were issued in 2019 Number of housing units in building permits that were issued in 2020 248,500 1.6% 2.3% 2.68 2.61 99,869 1,980 1,210 Assuming that it takes two years from the date of the building permit issuance to complete a housing unit and making any other assumptions needed, calculate the difference between demand for and supply of housing at the end of 2022. Show clearly and explain all your calculations. Also, explain what the result of your calculations means in terms of the expected market situation in 2022 (equilibrium, excess demand or oversupply) and how house prices should move as aresult of this situation.
Select all of the examples of companies locating a facility because of market асcess. O A company that supplies products to the US and European markets locates their production facility in southeast Asia. A major retailer is located in several major cities across the country. O A company locates a processing facility adjacent to the supplier's mining operations. O A business management consulting firm locates in the same cities as prestigious universities.
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3. Figure 1 Daily Subway and Bus Use in Five Major Cities 0.75 0.5 0.25 Subway OBus London Tokyo Singapore Hong Kong Figure 2 Subway vs. Bus Ridership, New York City OBus Subway 1970 1980 1990 2000 2010 Information in figure I suggests that public transportation users in London Information in Figure I supports the author's point that buses are growing in popularity as a means of urban transport by indicating that A) take subways and buses at similar rates. B) are unusually reliant on buses. C) take at least one subway trip daily. D) take subways at about the same rate as people A) many people around the world take at least one bus trip every day. B) bus ridership surpasses subway ridership in some major cities. C) people in Tokyo make far more trips by bus daily than they do trips by subway. D) the number of bus trips taken by people in major cities has substantially increased. in New York. 2 Which of the following statements about bus use in New York City is best supported by…
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CVS chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment along with the coordinates are as follows: Market Segment Location Coordinates Number of Customers x y 1 8 13 2000 2 10 16 800 3 4 8 1600 4 12 4 3200 Find the best location using the Center of Gravity Excel template
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Using an appropriate example, explain the purpose and importance of using the Location Quotient (LQ) technique in assessing the state of the regional economy.