A Business Can Be Defined in Terms of Three Dimensions

question 48

Multiple Choice

A business can be defined in terms of three dimensions: customer groups,customer needs and ___________.

• A)size
• B)technology
• C)competitors
• D)services
• E)products

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Definitions:

Variation

Variation refers to the differences in characteristics or traits among individuals within a population, arising from genetic diversity or environmental factors.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data values from the mean.

Range

In statistics, range refers to the difference between the highest and lowest values in a dataset, indicating the dataset's spread.

Arithmetic Average

The average of a set of numbers, determined by adding them together and then dividing by the total quantity of numbers in the set.