Report: Maps And Data Layers
Full Answer Section
The analysis also shows that there is a correlation between revenue generated and median household income. However, there are some exceptions to this rule. For example, Nevada has a relatively high median household income, but it is not one of the top states for revenue generation. This suggests that other factors, such as population density and competition from other pizza restaurants, also play a role in determining success. Based on the analysis, the company has the following opportunities for business expansion:- Expand into new regions, such as the Southeast and Southwest United States.
- Target high-income zip codes that are not well-represented by the company's current customer base.
- Market to restaurants in states that have a high median household income and a relatively low level of competition from other pizza restaurants.
- Expand into new regions, such as the Southeast and Southwest United States. These regions have a growing population and a relatively low level of competition from other pizza restaurants.
- Target high-income zip codes that are not well-represented by the company's current customer base. For example, the map of revenue generated by zip code shows that there are several high-income zip codes in California and Florida that have a relatively low level of revenue generation. This suggests that there is an opportunity to expand into these zip codes.
- Market to restaurants in states that have a high median household income and a relatively low level of competition from other pizza restaurants. For example, the map of revenue generated by state compared to median household income shows that the states of Utah, Colorado, and Washington have a relatively high ratio of revenue to median household income. This suggests that these states may be more lucrative for business expansion.
- Identify suppliers that are located in high-traffic areas or near major population centers. This could help the company to reduce its transportation costs and improve its customer service.
- Identify suppliers that are willing to offer discounts or other incentives to the company in exchange for increased business. This could help the company to reduce its costs and improve its profitability.
- Identify
Sample Solution
Pizza Ingredient Distribution Company Report
Executive Summary
This report presents recommendations for business expansion for a pizza ingredient distribution company, based on analysis of a clean customer sales data set for 2015 and 2016. The data set includes household income data for the restaurant zip codes.
The analysis shows that the company's customer base is concentrated in the Northeast and Midwest regions of the United States. The states with the most customers are New York, New Jersey, Pennsylvania, Illinois, and California. The states that have generated the most revenue for the restaurants are New York, California, Texas, Florida, and Illinois.