The Tool That Is Useful to Investigate the Relationship Between

question 9

Multiple Choice

The tool that is useful to investigate the relationship between two variables is:

• A)a control chart.
• B)a Pareto analysis.
• C)a scatter diagram.
• D)a flow chart.
• E)a cause-and-effect diagram.

---

Definitions:

Competitive Strategy

A long-term plan developed by a company to gain a competitive advantage over its rivals in the industry.

Strategic Leadership

A style of leadership focused on setting long-term visions, creating sustainable competitive advantages, and guiding an organization through strategic changes.

Surplus

The situation in which the quantity supplied of a good exceeds the quantity demanded, often leading to a decrease in prices.

Shortage

A situation where the demand for a product exceeds the supply of that product, often leading to a temporary unavailability.