This page discusses the importance of geography in selecting business locations to avoid financial losses and expand customer bases. It highlights economic base analysis, specifically the location quo...This page discusses the importance of geography in selecting business locations to avoid financial losses and expand customer bases. It highlights economic base analysis, specifically the location quotient, as a method to assess industry roles by comparing local and state averages. This analysis identifies competition and market opportunities, benefiting new businesses. Despite some criticisms, the location quotient remains a valuable tool for understanding economic activities.