While There Are Three Measures of Central Tendency,the Mean,median,and Mode

question 52

True/False

While there are three measures of central tendency,the mean,median,and mode are all interchangeable anyway.

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Definitions:

Situational Factor

External influences that can impact consumer behavior or the outcome of marketing decisions at a given time.

Functional Needs

The basic requirements that products or services must meet to be considered useful and satisfactory by consumers.

Psychological Needs

Fundamental human motivations that drive behavior, such as the need for esteem, belonging, and self-actualization.

Psychological Needs

Fundamental human motivations that encompass aspects like autonomy, competence, and relatedness, influencing behavior and well-being.