What economic info must a cinema firm consider b4 opening cinemas?
Answers:
-Population of the surrounding area
-disposable income of people in the area
-number of cinemas already in the area
-cinema tastes of the population (no point showing lots of kids movies in an area where the population in mainly retirees)
-alternative entertainment (theatres, sports centres.) in the area that compete to provide entertainment
-proportion of residents with cable or satelite TV and how this affects propensity to see movies at the cinema
Population, disposable income, unemployment, wages.
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