An Economist Collects Data Comparing Per- Capita Expenditures on Health

question 85

Multiple Choice

An economist collects data comparing per- capita expenditures on health care across provinces and territories for the year 2009. The best way to illustrate this data is

• A)a logarithmic scale diagram.
• B)a time- series line graph.
• C)a scatter diagram.
• D)a time- series bar chart diagram.
• E)a cross- sectional bar- chart graph.

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Definitions:

Market-product Grid

A matrix used to help businesses determine which products to offer in which markets.

Competitive Advantage

The attributes or conditions that enable a company to produce goods or services better or more cheaply than its competitors, thus providing greater value to customers.

Head-to-head Positioning

A marketing strategy where products are directly compared with competitors' offerings to highlight superior features or value.

Product Attributes

The characteristics or features of a product, such as quality, design, and brand, that define it and contribute to its appeal.