When a Correlation Coefficient of -0

question 62

Multiple Choice

When a correlation coefficient of -0.80 is found between factor A and factor B,the most accurate interpretation is that

• A)a decrease in factor A is strongly related to a decrease in factor B.
• B)a decrease in factor A is strongly related to an increase in factor B.
• C)there is NO significant relationship between the two factors.
• D)there is a very weak relationship between the two factors.

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Definitions:

Market Segments

Subsets of a market composed of individuals or organizations with similar characteristics, needs, or behaviors that a business targets as part of its marketing efforts.

Positioning Strategy

A marketing approach that aims to establish a brand or product in the mind of the target audience in comparison to competitors.

Marketing Mix

A foundational model in marketing representing the basic elements that can be controlled to appeal to customers, traditionally defined as product, price, place, and promotion.

Market Segment

A group of consumers who respond similarly to a firm’s marketing efforts.