108k views
10 votes
Based on the following information, determine the location quotient for Amusement City and whether this city has a competitive advantage in the amusement industry: employment in amusements and recreation in Amusement City: 54,446; total employment in Amusement City: 578,477; employment in amusements and recreation (nationally): 1,381,377; total employment (nationally): 106,201,232.

a. 0.23; No, the city does not have a competitive advantage in this industry.
b. 4.43; No, the city does not have a competitive advantage in the industry
c. 0.23; Yes, the city has a competitive advantage in this industry
d. 4.43; Yes, the city has a competitive advantage in this industry

User Avinash B
by
8.0k points

1 Answer

1 vote

Answer:

a. 0.23; No, the city does not have a competitive advantage in this industry

Step-by-step explanation:

Calculation to determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry

Location quotient for Music City= (3020/ 656,785)/ (2,160,970/ 106,201,232)

Location quotient for Music City=0.004598/0.020347881

Location quotient for Music City= 0.225

Location quotient for Music City= 0.23 (Approximately)

Based on the above calculation the city does NOT have a competitive advantage in this industry.

User Go Dan
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories