One Way to Identify a Gap in the Marketplace Is

question 16

True/False

One way to identify a gap in the marketplace is to examine trends around the region, nation, or world that may not yet have reached your geographic location.

---

Definitions:

Consumption

The act of using goods and services to satisfy needs and wants.

Inversely Related

A relationship between two variables in which one increases as the other decreases, and vice versa.

Independent Variable

In research and experimentation, the variable that is manipulated or changed to observe its effects on a dependent variable.

Dependent Variable

In an experiment or study, it is the variable that is tested and measured, and it is expected to change as a result of changes in the independent variable.