Data Set 1C Suppose That the Following Table Represents the Age of the Age

question 16

Multiple Choice

Data Set 1C
Suppose that the following table represents the age of the houses in a certain neighborhood:
-Given Data Set 1C, what is the modal age of the houses?

• A) 3 years.
• B) 5 years.
• C) 4.3 years.
• D) 4 years.
• E) 3.5 years.

---

Definitions:

Segmented

Divided into separate parts or sections, often to categorize or target different markets or demographics more effectively.

Positioned

The state of being placed or located in a particular spot or condition, often in strategic locations for business or logistical advantages.

Customer Needs

The specific desires, expectations, or requirements that a customer has regarding a product or service, which can influence their buying behavior.

Competitive Strategy

Tactics and plans that a business uses to establish a unique position, gain competitive advantage, and achieve superior profitability.