Final answer:
The "location factor" for KFC store sites in Japan is calculated using the Huff Model, which considers factors such as proximity, store size, desirability of goods, and competition. The formula for the Huff Model uses basic math operations and can be calculated using GIS and spreadsheet programs. This helps analysts estimate the number of potential customers for multiple store locations simultaneously.
Step-by-step explanation:
The "location factor" for KFC store sites in Japan is calculated using the Huff Model. The Huff Model is a measure used to predict the likelihood of a customer shopping at a proposed store based on proximity, store size, desirability of goods, and competition. The formula used in the Huff Model considers these factors and can be calculated using basic math operations such as multiplication, division, exponents, and subtraction. Geographical Information Systems (GIS) and spreadsheet programs can automate the calculation process, allowing analysts to estimate the number of potential customers for multiple store locations simultaneously.