When You Have Already Determined That There Is Demand for the Services

question 114

Multiple Choice

When you have already determined that there is demand for the services of your potential business, your next step is to ________.

• A)identify an unfilled market need
• B)identify target customers
• C)implement the marketing mix
• D)conduct market research

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can vary in the calculation without violating any constraints.

SSE

Stands for Sum of Squares due to Error, a measure used in statistics to quantify the variation within a data set.

Error Sum Of Squares

A measure of the discrepancy between the observed and predicted values in a statistical model, reflecting the unexplained variation by the model.

ANOVA Table

A table used to summarize the results and implications of an Analysis of Variance, which tests differences between means of three or more groups.