Which of the Following Best Describes the Relationship Between Two

question 13

Multiple Choice

Which of the following best describes the relationship between two variables when high values of one variable are associated with high values of the other in which plotted X?Y points fall on a straight line.

• A) Positive linear
• B) Negative linear
• C) Positive monotonic
• D) Negative monotonic

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Definitions:

Market Penetration

A strategy aiming to increase market share within an existing market segment by using methods such as pricing adjustments, increased promotion, and product improvements.

Market Development

A growth strategy that involves the introduction of existing products into new markets to increase sales and market share.

Diversification

A strategy that involves entering into new markets or investing in different types of assets to reduce risk and increase potential returns.

Market Development

A growth strategy where a business seeks to sell its existing products into new markets to increase its customer base.