Explain How You Would Determine If a Variable Is an Explanatory

question 41

Essay

Explain how you would determine if a variable is an explanatory variable or aresponse variable?
Again, you may use an example to support your answer but not asa substitute for an explanation.

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Definitions:

Consumer Value

The perception of what a product or service is worth to a customer versus the possible alternatives.

Vertical Supply Chain

A vertical supply chain integrates multiple stages of production and distribution, managed by a single company, to control supply and costs.

Manufacturer

A company or individual that produces finished goods from raw materials in large quantities through various manufacturing processes.

Wholesaler

A person or company that sells goods in large quantities at low prices, typically to retailers or other businesses.