A Histogram Can Have Gaps Between the Bars,whereas Bar Charts

question 118

True/False

A histogram can have gaps between the bars,whereas bar charts cannot have gaps.

Realize the legal, ethical, security, and privacy challenges associated with Internet use in business.

Appreciate the importance of lifelong learning and continuous improvement for economic progress and competitive advantage.

Understand the effect of core values on organizational practices and hiring decisions.

Note the role and challenges of small businesses and entrepreneurs in the economy.

---

Definitions:

Loss

A situation in which a business's expenses exceed its revenues over a specific period, resulting in negative profit.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service in different markets or to different segments of consumers, based on willingness to pay.

Product Differentiation

The method of differentiating a product or service from those available in the market to enhance its appeal to a specific target audience.

Barriers To Entry

Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and operate in a market.