Excel Can Be Used to Perform

question 4

Multiple Choice

Excel can be used to perform

• A) discrete, next-event simulation.
• B) continuous simulation.
• C) analog simulation.
• D) Monte Carlo simulation.

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Definitions:

Market Share

The portion of a market controlled by a particular company, product, or brand, often expressed as a percentage of total sales in that market.

Segmenting By Geography

The practice of dividing a market into distinct groups based on geographical boundaries or locations.

Convenience

The ease and simplicity with which a task can be performed or a need can be fulfilled, often a key factor in consumer decision making.

Behavioral Segmentation

Segmentation that categorizes consumers according to how they behave with or act toward products.