Which is a true statement regarding Tracts?

Tracts, which are defined geographic areas used in market analysis, are indeed referred to as Sub-Markets outside of North America. This terminology helps clarify the subdivisions within larger areas or regions, allowing for more precise data collection and analysis regarding demographics, economic factors, and market trends. The concept of tracts acting as sub-markets is particularly valuable for business analysis and planning, as it facilitates a more nuanced understanding of local market conditions.

In contrast, other statements do not accurately reflect the nature and usage of tracts. For example, there can be cities in rural markets that utilize tracts to analyze demographics and growth potential, therefore negating the idea that they are never used in such contexts. Additionally, the notion that a country can't have more than 100 tracts is misleading, as the number of tracts can vary widely based on factors such as population density and regional divisions. Understanding these distinctions is crucial for effective market analysis.